Eyal Kaplan Sells 2,916 Shares of Perion Network (NASDAQ:PERI) Stock

Perion Network Ltd (NASDAQ:PERI) Director Eyal Kaplan sold 2,916 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $9.77, for a total value of $28,489.32. Following the completion of the sale, the director owned 54,142 shares in the company, valued at $528,967.34. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Perion Network Price Performance

Shares of Perion Network stock opened at $9.40 on Friday. The business has a 50-day simple moving average of $9.28 and a 200 day simple moving average of $9.32. The firm has a market capitalization of $366.88 million, a price-to-earnings ratio of -37.60, a PEG ratio of 1.30 and a beta of 1.17. Perion Network Ltd has a one year low of $7.63 and a one year high of $11.44.

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

Wall Street Analysts Forecast Growth

PERI has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Perion Network in a research note on Tuesday, May 26th. Lake Street Capital set a $13.00 price objective on Perion Network and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Canaccord Genuity Group began coverage on Perion Network in a report on Friday, March 20th. They set a “buy” rating and a $14.00 price objective on the stock. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.88.

Hedge Funds Weigh In On Perion Network

Several institutional investors and hedge funds have recently made changes to their positions in PERI. Osaic Holdings Inc. increased its position 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 acquiring an additional 1,843 shares during the period. Advisory Services Network LLC bought a new stake in shares of Perion Network in the third quarter worth about $77,000. Virtu Financial LLC bought a new stake in shares of Perion Network in the third quarter worth about $100,000. Royal Bank of Canada increased its holdings in Perion Network by 698.9% during the 1st quarter. Royal Bank of Canada now owns 10,170 shares of the technology company’s stock valued at $102,000 after purchasing an additional 8,897 shares during the period. Finally, Centiva Capital LP purchased a new position in Perion Network during the 3rd quarter valued at about $115,000. Institutional investors own 68.12% of the company’s stock.

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.