Sei Investments Co. Raises Stock Position in Perion Network Ltd $PERI

Sei Investments Co. lifted its holdings in shares of Perion Network Ltd (NASDAQ:PERI) by 100.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 166,538 shares of the technology company’s stock after buying an additional 83,359 shares during the period. Sei Investments Co.’s holdings in Perion Network were worth $1,664,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. NewEdge Advisors LLC acquired a new stake in Perion Network in the 1st quarter valued at $160,000. Goldman Sachs Group Inc. grew its position in shares of Perion Network by 23.1% during the first quarter. Goldman Sachs Group Inc. now owns 343,723 shares of the technology company’s stock worth $2,798,000 after buying an additional 64,442 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Perion Network by 165.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 162,617 shares of the technology company’s stock worth $1,651,000 after acquiring an additional 101,446 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Perion Network in the second quarter valued at about $370,000. Finally, Jump Financial LLC raised its position in shares of Perion Network by 38.8% during the 2nd quarter. Jump Financial LLC now owns 81,498 shares of the technology company’s stock valued at $827,000 after acquiring an additional 22,789 shares in the last quarter. 68.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Perion Network

In related news, Director Eyal Kaplan sold 2,916 shares of the firm’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 transaction of $28,489.32. Following the transaction, the director owned 54,142 shares in the company, valued at $528,967.34. This trade represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 6,765 shares of company stock worth $65,943 in the last quarter. 2.78% of the stock is owned by company insiders.

Analysts Set New Price Targets

PERI has been the topic of a number of recent research reports. Lake Street Capital set a $13.00 target price on shares of Perion Network and gave the stock a “buy” rating in a report on Thursday, May 21st. Needham & Company LLC reiterated a “hold” rating on shares of Perion Network in a research note on Tuesday, May 26th. Four equities research 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. Based on data from MarketBeat, Perion Network currently has an average rating of “Moderate Buy” and an average target price of $13.88.

Perion Network Price Performance

Shares of PERI opened at $9.81 on Tuesday. The firm has a market capitalization of $382.84 million, a PE ratio of -39.24, a P/E/G ratio of 1.36 and a beta of 1.18. The firm has a 50-day moving average price of $9.07 and a 200 day moving average price of $9.30. Perion Network Ltd has a 52-week low of $7.63 and a 52-week high of $11.27.

Perion Network (NASDAQ:PERI) last released its quarterly earnings results on Monday, August 10th. The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $98.24 million for the quarter, compared to the consensus estimate of $96.52 million. Perion Network had a negative net margin of 2.17% and a positive return on equity of 3.34%. On average, equities analysts expect that Perion Network Ltd will post 0.38 EPS for the current year.

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.