Perion Network (NASDAQ:PERI) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Perion Network Ltd (NASDAQ:PERI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.29 and traded as high as $9.64. Perion Network shares last traded at $9.63, with a volume of 244,367 shares traded.

Wall Street Analyst Weigh In

PERI has been the subject of a number of analyst reports. Needham & Company LLC restated a “hold” rating on shares of Perion Network in a research report on Tuesday, May 26th. 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. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Perion Network has a consensus rating of “Moderate Buy” and a consensus price target of $13.88.

Perion Network Price Performance

The firm has a market cap of $375.86 million, a PE ratio of -38.52, a price-to-earnings-growth ratio of 1.30 and a beta of 1.17. The company has a 50 day simple moving average of $9.03 and a 200-day simple moving average of $9.29.

Perion Network (NASDAQ:PERI) last posted its quarterly earnings results on Thursday, May 21st. The technology company reported $0.11 EPS for the quarter, topping the consensus estimate 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 negative net margin of 2.17% and a positive return on equity of 3.34%. On average, sell-side analysts predict that Perion Network Ltd will post 0.38 EPS for the current fiscal year.

Insider Activity at Perion Network

In related news, Director Eyal Kaplan sold 2,916 shares of the 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 transaction, the director owned 54,142 shares of the company’s stock, valued at approximately $528,967.34. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 6,765 shares of company stock worth $65,943. 2.78% of the stock is currently owned by company insiders.

Institutional Trading of Perion Network

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