Insider Selling: Perion Network (NASDAQ:PERI) Director Sells $20,952.00 in Stock

Perion Network Ltd (NASDAQ:PERI) Director Michael Vorhaus sold 2,160 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $9.70, for a total value of $20,952.00. Following the sale, the director directly owned 24,613 shares in the company, valued at $238,746.10. This represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Perion Network Trading Down 1.5%

Shares of NASDAQ PERI traded down $0.14 during trading on Thursday, reaching $9.44. 162,211 shares of the company traded hands, compared to its average volume of 424,659. The stock has a market cap of $368.25 million, a P/E ratio of -37.74, a PEG ratio of 1.34 and a beta of 1.17. The firm’s fifty day simple moving average is $9.34 and its 200 day simple moving average is $9.32. Perion Network Ltd has a 12-month low of $7.63 and a 12-month high of $11.44.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Perion Network in a report on Tuesday, May 26th. Canaccord Genuity Group assumed coverage on shares of Perion Network in a report on Friday, March 20th. They set a “buy” rating and a $14.00 price target on the stock. Finally, Lake Street Capital set a $13.00 price objective on shares of Perion Network and gave the company a “buy” rating in a report on Thursday, May 21st. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Perion Network has an average rating of “Moderate Buy” and an average price target of $13.88.

Institutional Trading of Perion Network

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Equitable Trust Co. raised its stake in shares of Perion Network by 1.5% during the 4th quarter. Equitable Trust Co. now owns 102,395 shares of the technology company’s stock worth $981,000 after buying an additional 1,500 shares during the period. Osaic Holdings Inc. grew its stake in Perion Network by 209.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,843 shares during the period. SG Americas Securities LLC grew its stake in Perion Network by 21.9% in the 1st quarter. SG Americas Securities LLC now owns 12,190 shares of the technology company’s stock valued at $122,000 after acquiring an additional 2,186 shares during the period. State of Wyoming increased its holdings in Perion Network by 11.0% in the 2nd 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 in the last quarter. Finally, Squarepoint Ops LLC raised 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 period. 68.12% of the stock is currently 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.