Joy Sharon Marcus Sells 1,689 Shares of Perion Network (NASDAQ:PERI) Stock

Perion Network Ltd (NASDAQ:PERI) Director Joy Sharon Marcus sold 1,689 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $10.00, for a total transaction of $16,890.00. Following the completion of the sale, the director owned 30,949 shares of the company’s stock, valued at approximately $309,490. This represents a 5.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Perion Network Price Performance

Shares of PERI stock opened at $9.77 on Wednesday. The firm has a 50-day moving average of $9.01 and a 200-day moving average of $9.42. The company has a market cap of $381.27 million, a P/E ratio of -54.27, a P/E/G ratio of 0.90 and a beta of 1.35. Perion Network Ltd has a one year low of $6.99 and a one year high of $11.79.

Perion Network (NASDAQ:PERI) last announced its earnings results on Wednesday, February 18th. The technology company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The company had revenue of $137.14 million during the quarter, compared to the consensus estimate of $136.53 million. Perion Network had a negative net margin of 1.80% and a positive return on equity of 3.38%. As a group, research analysts expect that Perion Network Ltd will post 0.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Perion Network from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Lake Street Capital set a $14.00 price objective on shares of Perion Network in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Perion Network in a research report on Thursday, January 22nd. Finally, Canaccord Genuity Group initiated coverage on shares of Perion Network in a research report on Friday, March 20th. They issued a “buy” rating and a $14.00 price objective on the stock. 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 MarketBeat, Perion Network currently has an average rating of “Moderate Buy” and a consensus target price of $14.13.

Institutional Trading of Perion Network

Hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its position in Perion Network by 209.9% in the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,843 shares during the period. Advisory Services Network LLC bought a new stake in Perion Network in the third quarter worth about $77,000. Tripletail Wealth Management LLC bought a new stake in Perion Network in the third quarter worth about $95,000. Virtu Financial LLC bought a new position in Perion Network during the third quarter worth about $100,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Perion Network during the third quarter worth about $107,000. Institutional investors own 68.12% of the company’s stock.

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.