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 the company’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 $16,890.00. Following the completion of the sale, the director owned 30,949 shares of the company’s stock, valued at approximately $309,490. This represents a 5.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Perion Network Stock Down 0.7%

PERI opened at $9.80 on Tuesday. Perion Network Ltd has a 12 month low of $6.99 and a 12 month high of $11.79. The company has a fifty day simple moving average of $9.00 and a 200 day simple moving average of $9.42. The stock has a market cap of $382.49 million, a P/E ratio of -54.44, a P/E/G 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 for the quarter, hitting analysts’ consensus estimates of $0.49. The firm had revenue of $137.14 million during the quarter, compared to analyst estimates of $136.53 million. Perion Network had a negative net margin of 1.80% and a positive return on equity of 3.38%. On average, equities research analysts expect that Perion Network Ltd will post 0.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Perion Network

A number of institutional investors and hedge funds have recently modified their holdings of PERI. Equitable Trust Co. lifted its position 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 acquiring an additional 1,500 shares during the last quarter. Osaic Holdings Inc. lifted its position in Perion Network by 209.9% during the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,843 shares during the last quarter. State of Wyoming lifted its position in Perion Network by 11.0% during the second quarter. State of Wyoming now owns 22,147 shares of the technology company’s stock worth $225,000 after acquiring an additional 2,196 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Perion Network by 9.5% during the third quarter. Exchange Traded Concepts LLC now owns 28,076 shares of the technology company’s stock worth $270,000 after acquiring an additional 2,446 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in Perion Network by 21.8% during the third quarter. Squarepoint Ops LLC now owns 14,418 shares of the technology company’s stock worth $138,000 after acquiring an additional 2,581 shares during the last quarter. 68.12% of the stock is owned by 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.