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

Perion Network Ltd (NASDAQ:PERI) Director Joy Sharon Marcus sold 1,689 shares of Perion Network stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $9.77, for a total value of $16,501.53. Following the completion of the sale, the director owned 29,260 shares in the company, valued at $285,870.20. This represents a 5.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Perion Network Stock Performance

Shares of Perion Network stock traded down $0.14 during trading hours on Thursday, hitting $9.44. The company’s stock had a trading volume of 162,211 shares, compared to its average volume of 424,659. The stock has a market cap of $368.25 million, a price-to-earnings ratio of -37.74, a P/E/G ratio of 1.34 and a beta of 1.17. Perion Network Ltd has a twelve month low of $7.63 and a twelve month high of $11.44. The firm has a fifty day moving average of $9.34 and a 200-day moving average of $9.32.

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

Hedge Funds Weigh In On Perion Network

Institutional investors have recently bought and sold shares of the company. Equitable Trust Co. increased its stake 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 purchasing an additional 1,500 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Perion Network by 209.9% in the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,843 shares during the period. SG Americas Securities LLC boosted its stake in shares of 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 purchasing an additional 2,186 shares during the period. State of Wyoming grew its holdings in shares of 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 purchasing an additional 2,196 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Perion Network by 21.8% during the 3rd quarter. Squarepoint Ops LLC now owns 14,418 shares of the technology company’s stock worth $138,000 after buying an additional 2,581 shares during the period. 68.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PERI has been the topic of a number of research analyst reports. Lake Street Capital set a $13.00 price target on shares of Perion Network and gave the company a “buy” rating in a research note on Thursday, May 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Perion Network in a research report on Tuesday, May 26th. Finally, 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 target price for the company. Four equities 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.88.

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.