Perion Network (NASDAQ:PERI) Director Michael Vorhaus Sells 2,160 Shares

Perion Network Ltd (NASDAQ:PERI) Director Michael Vorhaus sold 2,160 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $10.00, for a total value of $21,600.00. Following the completion of the sale, the director directly owned 26,773 shares of the company’s stock, valued at $267,730. This represents a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Perion Network Price Performance

PERI opened at $9.80 on Tuesday. The business has a 50 day simple moving average of $9.00 and a 200-day simple moving average of $9.42. The stock has a market capitalization 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 Ltd has a 12 month low of $6.99 and a 12 month high of $11.79.

Perion Network (NASDAQ:PERI) last issued its quarterly earnings data on Wednesday, February 18th. The technology company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The firm had revenue of $137.14 million during the quarter, compared to analysts’ expectations of $136.53 million. Perion Network had a positive return on equity of 3.38% and a negative net margin of 1.80%. Research analysts anticipate that Perion Network Ltd will post 0.51 EPS for the current year.

Hedge Funds Weigh In On Perion Network

Institutional investors have recently made changes to their positions in the stock. Stableford Capital II LLC raised its holdings 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 acquiring an additional 136,999 shares during the last quarter. Equitable Trust Co. raised its holdings in shares of Perion Network by 1.5% in 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. Y.D. More Investments Ltd raised its holdings in shares of Perion Network by 42.8% in the fourth quarter. Y.D. More Investments Ltd now owns 38,567 shares of the technology company’s stock worth $365,000 after acquiring an additional 11,555 shares during the last quarter. Procyon Advisors LLC acquired a new position in shares of Perion Network in the fourth quarter worth $119,000. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of Perion Network by 41.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 41,937 shares of the technology company’s stock worth $403,000 after acquiring an additional 12,203 shares during the last quarter. 68.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.