Joy Sharon Marcus Sells 1,689 Shares of Perion Network (NASDAQ:PERI) Stock

Perion Network Ltd (NASDAQ:PERI) Director Joy Sharon Marcus sold 1,689 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $10.00, for a total transaction of $16,890.00. Following the completion of the transaction, the director directly owned 30,949 shares of the company’s stock, valued at approximately $309,490. This trade represents a 5.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Perion Network Price Performance

NASDAQ:PERI opened at $9.87 on Monday. Perion Network Ltd has a 52-week low of $6.99 and a 52-week high of $11.79. The stock has a fifty day simple moving average of $8.99 and a 200-day simple moving average of $9.42. The company has a market capitalization of $385.23 million, a PE ratio of -54.83, a price-to-earnings-growth ratio of 0.90 and a beta of 1.35.

Perion Network (NASDAQ:PERI) last posted its earnings results on Wednesday, February 18th. The technology company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. Perion Network had a positive return on equity of 3.38% and a negative net margin of 1.80%.The firm had revenue of $137.14 million for the quarter, compared to analyst estimates of $136.53 million. As a group, equities analysts anticipate that Perion Network Ltd will post 0.51 earnings per share for the current year.

Hedge Funds Weigh In On Perion Network

A number of institutional investors and hedge funds have recently bought and sold shares of PERI. Private Capital Management LLC lifted its position in shares of Perion Network by 16.8% during the third quarter. Private Capital Management LLC now owns 3,751,278 shares of the technology company’s stock worth $36,012,000 after purchasing an additional 538,375 shares in the last quarter. Vanguard Group Inc. grew its holdings in Perion Network by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,713,232 shares of the technology company’s stock valued at $16,558,000 after purchasing an additional 14,563 shares in the last quarter. CastleKnight Management LP grew its holdings in Perion Network by 13.8% during the 4th quarter. CastleKnight Management LP now owns 479,020 shares of the technology company’s stock valued at $4,589,000 after purchasing an additional 58,000 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Perion Network by 23.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 343,723 shares of the technology company’s stock worth $2,798,000 after buying an additional 64,442 shares during the period. Finally, ARK Investment Management LLC increased its stake in Perion Network by 28.2% during the 4th quarter. ARK Investment Management LLC now owns 219,605 shares of the technology company’s stock worth $2,104,000 after buying an additional 48,283 shares during the period. Hedge funds and other institutional investors own 68.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PERI shares. Lake Street Capital set a $14.00 target price on shares of Perion Network in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Perion Network in a research note on Thursday, January 22nd. Canaccord Genuity Group assumed coverage on shares of Perion Network in a report on Friday, March 20th. They issued a “buy” rating and a $14.00 price target on the stock. Finally, Wall Street Zen cut shares of Perion Network from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Perion Network has an average rating of “Moderate Buy” and an average target price of $14.13.

Perion Network Company Profile

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.