Perion Network (NASDAQ:PERI) Director Eyal Kaplan Sells 2,915 Shares

Perion Network Ltd (NASDAQ:PERI) Director Eyal Kaplan sold 2,915 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $10.00, for a total transaction of $29,150.00. Following the sale, the director owned 57,058 shares in the company, valued at approximately $570,580. This represents a 4.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Perion Network Stock Down 0.7%

Shares of NASDAQ PERI opened at $9.80 on Tuesday. The company’s 50-day simple moving average is $9.00 and its 200-day simple moving average is $9.42. Perion Network Ltd has a 52-week low of $6.99 and a 52-week high of $11.79. The firm has a market cap of $382.49 million, a price-to-earnings ratio of -54.44, a price-to-earnings-growth ratio of 0.90 and a beta of 1.35.

Perion Network (NASDAQ:PERI) last announced its earnings results on Wednesday, February 18th. The technology company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Perion Network had a negative net margin of 1.80% and a positive return on equity of 3.38%. The business had revenue of $137.14 million for the quarter, compared to analyst estimates of $136.53 million. Equities research analysts anticipate that Perion Network Ltd will post 0.51 EPS for the current fiscal 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 boosted its position in 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 acquiring an additional 538,375 shares during the last quarter. Stableford Capital II LLC raised its stake in Perion Network by 173.5% during the fourth quarter. Stableford Capital II LLC now owns 215,960 shares of the technology company’s stock worth $2,069,000 after purchasing an additional 136,999 shares during the period. Tripletail Wealth Management LLC raised its stake in Perion Network by 1,066.7% during the fourth quarter. Tripletail Wealth Management LLC now owns 113,520 shares of the technology company’s stock worth $1,088,000 after purchasing an additional 103,790 shares during the period. JPMorgan Chase & Co. raised its stake in Perion Network by 165.8% during the second quarter. JPMorgan Chase & Co. now owns 162,617 shares of the technology company’s stock worth $1,651,000 after purchasing an additional 101,446 shares during the period. Finally, Millennium Management LLC purchased a new position in Perion Network during the third quarter worth about $837,000. 68.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PERI. Lake Street Capital set a $14.00 target price on shares of Perion Network in a research report on Thursday, February 19th. 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 on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Perion Network in a research report on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of Perion Network from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Four equities research 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, the company has a consensus rating of “Moderate Buy” and a consensus 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.