Phoenix Financial Ltd. decreased its position in shares of Perion Network Ltd (NASDAQ:PERI – Free Report) by 19.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,580,804 shares of the technology company’s stock after selling 381,427 shares during the period. Phoenix Financial Ltd. owned approximately 3.85% of Perion Network worth $15,144,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Perkins Capital Management Inc. boosted its position in shares of Perion Network by 12.5% in the fourth quarter. Perkins Capital Management Inc. now owns 138,375 shares of the technology company’s stock valued at $1,326,000 after acquiring an additional 15,425 shares during the period. Equitable Trust Co. increased its position in Perion Network by 1.5% during the fourth quarter. Equitable Trust Co. now owns 102,395 shares of the technology company’s stock worth $981,000 after acquiring an additional 1,500 shares during the period. Y.D. More Investments Ltd increased its position in Perion Network by 42.8% during the fourth quarter. Y.D. More Investments Ltd now owns 38,567 shares of the technology company’s stock worth $365,000 after acquiring an additional 11,555 shares during the period. Stableford Capital II LLC raised its stake in Perion Network by 173.5% in the 4th quarter. Stableford Capital II LLC now owns 215,960 shares of the technology company’s stock worth $2,069,000 after purchasing an additional 136,999 shares in the last quarter. Finally, Procyon Advisors LLC acquired a new stake in Perion Network in the 4th quarter worth about $119,000. Institutional investors and hedge funds own 68.12% of the company’s stock.
Perion Network Stock Down 0.5%
PERI opened at $10.40 on Friday. The stock has a market capitalization of $405.91 million, a price-to-earnings ratio of -57.77, a P/E/G ratio of 0.96 and a beta of 1.31. Perion Network Ltd has a twelve month low of $8.06 and a twelve month high of $11.44. The company has a 50-day simple moving average of $9.88 and a 200 day simple moving average of $9.56.
Insider Buying and Selling
In other Perion Network news, Director Eyal Kaplan sold 2,915 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $10.00, for a total transaction of $29,150.00. Following the completion of the transaction, the director directly owned 57,058 shares in the company, valued at $570,580. The trade was a 4.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 6,764 shares of company stock worth $67,640 in the last three months. 2.78% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Perion Network from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Perion Network in a research report on Thursday, January 22nd. Canaccord Genuity Group initiated coverage on Perion Network in a research note on Friday, March 20th. They issued a “buy” rating and a $14.00 price target for the company. Finally, Lake Street Capital set a $14.00 price target on Perion Network in a research report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Perion Network currently has an average rating of “Moderate Buy” and an average target price of $14.13.
View Our Latest Report on Perion Network
About Perion Network
Perion Network Ltd. (NASDAQ: PERI) is a digital advertising technology company that offers a suite of solutions designed for both brand marketers and performance-driven advertisers. The firm’s platform integrates search monetization, programmatic display, video and connected TV (CTV) advertising to help clients reach and engage audiences across desktop, mobile and television environments. Through proprietary algorithms and AI-driven tools, Perion’s technology optimizes ad placements in real time, aiming to boost campaign efficiency and return on investment for publishers and advertisers alike.
Key offerings include search engine marketing services that cover major platforms such as Google and Bing, native and display advertising solutions under its Undertone brand, as well as social and video ad formats.
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