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

Perion Network Ltd (NASDAQ:PERI) Director Eyal Kaplan sold 2,916 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $9.77, for a total transaction of $28,489.32. Following the sale, the director owned 54,142 shares in the company, valued at approximately $528,967.34. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Perion Network Stock Performance

NASDAQ PERI opened at $9.40 on Friday. Perion Network Ltd has a 52-week low of $7.63 and a 52-week high of $11.44. The company has a fifty day moving average of $9.31 and a 200-day moving average of $9.32. The company has a market capitalization of $366.88 million, a P/E ratio of -37.60, a P/E/G ratio of 1.33 and a beta of 1.17.

Perion Network (NASDAQ:PERI) last released its quarterly 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 business had revenue of $90.40 million for the quarter, compared to the consensus estimate of $91.74 million. As a group, analysts forecast that Perion Network Ltd will post 0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Capital Management LLC lifted its stake in shares of Perion Network by 16.8% in the 3rd quarter. Private Capital Management LLC now owns 3,751,278 shares of the technology company’s stock valued at $36,012,000 after acquiring an additional 538,375 shares during the last quarter. Vanguard Group Inc. grew its position in Perion Network by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,713,232 shares of the technology company’s stock worth $16,558,000 after acquiring an additional 14,563 shares during the last quarter. Systematic Financial Management LP grew its position in Perion Network by 5.9% during the 1st quarter. Systematic Financial Management LP now owns 869,066 shares of the technology company’s stock worth $8,689,000 after acquiring an additional 48,246 shares during the last quarter. CastleKnight Management LP increased its stake in Perion Network by 13.8% in the 4th quarter. CastleKnight Management LP now owns 479,020 shares of the technology company’s stock worth $4,589,000 after purchasing an additional 58,000 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Perion Network by 23.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 343,723 shares of the technology company’s stock worth $2,798,000 after purchasing an additional 64,442 shares during the period. 68.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PERI shares. Canaccord Genuity Group began coverage on Perion Network in a research report on Friday, March 20th. They issued a “buy” rating and a $14.00 target price for the company. Needham & Company LLC reiterated a “hold” rating on shares of Perion Network in a research report on Tuesday, May 26th. Finally, Lake Street Capital set a $13.00 price target on shares of Perion Network and gave the stock a “buy” rating in a research note on Thursday, May 21st. Four equities research 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. According to data from MarketBeat.com, Perion Network currently has a consensus rating of “Moderate Buy” and an average price target of $13.88.

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.