Perion Network Ltd (NASDAQ:PERI – Get Free Report) Director Eyal Kaplan sold 2,916 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $8.72, for a total value of $25,427.52. Following the completion of the transaction, the director owned 51,226 shares of the company’s stock, valued at $446,690.72. The trade was a 5.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Perion Network Stock Up 0.5%
NASDAQ PERI opened at $8.55 on Wednesday. The company has a market cap of $333.71 million, a price-to-earnings ratio of -24.43, a price-to-earnings-growth ratio of 1.00 and a beta of 1.13. Perion Network Ltd has a twelve month low of $7.63 and a twelve month high of $11.27. The business’s fifty day moving average is $9.26 and its 200 day moving average is $9.42.
Perion Network (NASDAQ:PERI – Get Free Report) last posted its earnings results on Tuesday, August 11th. The technology company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Perion Network had a positive return on equity of 2.43% and a negative net margin of 2.95%.The firm had revenue of $98.24 million during the quarter, compared to the consensus estimate of $96.72 million. On average, research analysts anticipate that Perion Network Ltd will post 0.45 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on Perion Network
Institutional Investors Weigh In On Perion Network
A number of institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new position in shares of Perion Network in the 1st quarter worth approximately $1,568,000. Sei Investments Co. increased its position in shares of Perion Network by 100.2% during the first quarter. Sei Investments Co. now owns 166,538 shares of the technology company’s stock worth $1,664,000 after buying an additional 83,359 shares during the period. North Star Investment Management Corp. bought a new position in Perion Network during the first quarter worth $649,000. CastleKnight Management LP raised its stake in Perion Network by 13.8% during the fourth quarter. CastleKnight Management LP now owns 479,020 shares of the technology company’s stock worth $4,589,000 after buying an additional 58,000 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Perion Network in the second quarter valued at $532,000. Institutional investors own 68.12% of the company’s stock.
Perion Network Company Profile
Perion Network Ltd. is a global advertising technology company that develops and operates digital advertising solutions for brands, agencies, publishers and retailers. Its technology supports campaign planning, audience targeting, media buying, creative delivery and performance measurement across multiple digital channels, including search, social, display, video, connected television and retail media.
The company’s businesses have included Undertone, which provides digital advertising and creative solutions; Hivestack, a platform for programmatic digital out-of-home advertising; and other technology and media offerings designed to help advertisers reach audiences and help publishers monetize their content.
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