Perion Network (NASDAQ:PERI) Director Eyal Kaplan Sells 2,916 Shares

Perion Network Ltd (NASDAQ:PERIGet Free Report) Director Eyal Kaplan sold 2,916 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $9.77, for a total value of $28,489.32. Following the transaction, the director owned 54,142 shares of the company’s stock, valued at approximately $528,967.34. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Perion Network Trading Down 1.5%

Shares of Perion Network stock traded down $0.14 during trading on Thursday, reaching $9.44. The stock had a trading volume of 162,211 shares, compared to its average volume of 424,659. The company has a market capitalization of $368.25 million, a price-to-earnings ratio of -37.86, a P/E/G ratio of 1.34 and a beta of 1.17. The stock has a fifty day moving average price of $9.34 and a two-hundred day moving average price of $9.32. Perion Network Ltd has a 52 week low of $7.63 and a 52 week high of $11.44.

Perion Network (NASDAQ:PERIGet Free Report) last posted its quarterly earnings data on Thursday, May 21st. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $90.40 million during the quarter, compared to the consensus estimate of $91.74 million. Perion Network had a positive return on equity of 3.34% and a negative net margin of 2.17%. On average, equities analysts forecast that Perion Network Ltd will post 0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Perion Network

Institutional investors and hedge funds have recently made changes to their positions in the stock. Equitable Trust Co. grew its stake in shares of Perion Network by 1.5% in the fourth quarter. Equitable Trust Co. now owns 102,395 shares of the technology company’s stock valued at $981,000 after buying an additional 1,500 shares in the last quarter. Osaic Holdings Inc. raised its position in Perion Network by 209.9% during the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,843 shares in the last quarter. SG Americas Securities LLC lifted its stake in Perion Network by 21.9% in the first quarter. SG Americas Securities LLC now owns 12,190 shares of the technology company’s stock valued at $122,000 after acquiring an additional 2,186 shares during the last quarter. State of Wyoming lifted its stake in Perion Network by 11.0% in the second quarter. State of Wyoming now owns 22,147 shares of the technology company’s stock valued at $225,000 after acquiring an additional 2,196 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of Perion Network by 21.8% in the 3rd quarter. Squarepoint Ops LLC now owns 14,418 shares of the technology company’s stock valued at $138,000 after acquiring an additional 2,581 shares during the period. Institutional investors own 68.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PERI. Needham & Company LLC reaffirmed a “hold” rating on shares of Perion Network in a research note on Tuesday, May 26th. Lake Street Capital set a $13.00 target price on shares of Perion Network and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Canaccord Genuity Group began coverage on shares of Perion Network in a research report on Friday, March 20th. They issued a “buy” rating and a $14.00 target price for the company. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.88.

Get Our Latest Stock Report on PERI

Perion Network Company Profile

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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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