Perion Network (NASDAQ:PERI) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Perion Network Ltd (NASDAQ:PERI) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.29 and traded as high as $9.64. Perion Network shares last traded at $9.63, with a volume of 244,367 shares trading hands.

Wall Street Analyst Weigh In

PERI has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Perion Network in a report on Tuesday, May 26th. Lake Street Capital set a $13.00 price target on shares of Perion Network and gave the stock a “buy” rating in a research report on Thursday, May 21st. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.88.

Perion Network Stock Performance

The firm has a market cap of $361.42 million, a PE ratio of -37.04, a PEG ratio of 1.33 and a beta of 1.17. The stock has a fifty day moving average price of $9.01 and a 200-day moving average price of $9.28.

Perion Network (NASDAQ:PERI) last posted its quarterly earnings results on Thursday, May 21st. The technology company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. Perion Network had a negative net margin of 2.17% and a positive return on equity of 3.34%. The firm had revenue of $90.40 million for the quarter, compared to analyst estimates of $91.74 million. As a group, equities analysts predict that Perion Network Ltd will post 0.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Perion Network

In related news, Director Eyal Kaplan sold 2,916 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $9.77, for a total transaction of $28,489.32. Following the completion of the sale, the director directly owned 54,142 shares of the company’s stock, valued at approximately $528,967.34. This represents a 5.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 6,765 shares of company stock worth $65,943. Insiders own 2.78% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Stableford Capital II LLC boosted its position in shares of Perion Network by 173.5% in the fourth quarter. Stableford Capital II LLC now owns 215,960 shares of the technology company’s stock worth $2,069,000 after buying an additional 136,999 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Perion Network during the fourth quarter valued at about $551,000. North Star Investment Management Corp. acquired a new stake in Perion Network during the 1st quarter valued at approximately $649,000. Royal Bank of Canada increased its holdings in Perion Network by 698.9% during the 1st quarter. Royal Bank of Canada now owns 10,170 shares of the technology company’s stock worth $102,000 after purchasing an additional 8,897 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Perion Network by 100.2% in the 1st quarter. Sei Investments Co. now owns 166,538 shares of the technology company’s stock valued at $1,664,000 after purchasing an additional 83,359 shares in the last quarter. 68.12% of the stock is owned by hedge funds and other institutional investors.

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.