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 firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $10.00, for a total value of $16,890.00. Following the sale, the director owned 30,949 shares of the company’s stock, valued at approximately $309,490. This trade represents a 5.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Perion Network Price Performance

NASDAQ PERI opened at $9.87 on Monday. The company has a market capitalization of $385.23 million, a price-to-earnings ratio of -54.83, a price-to-earnings-growth ratio of 0.90 and a beta of 1.35. Perion Network Ltd has a 12 month low of $6.99 and a 12 month high of $11.79. The company’s fifty day moving average price is $8.99 and its two-hundred day moving average price is $9.42.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PERI. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Perion Network in a report on Thursday, January 22nd. Lake Street Capital set a $14.00 price objective on Perion Network in a report on Thursday, February 19th. Canaccord Genuity Group assumed coverage on Perion Network in a research report on Friday, March 20th. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Wall Street Zen downgraded Perion Network from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Four investment 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 price target of $14.13.

Hedge Funds Weigh In On Perion Network

Several hedge funds have recently made changes to their positions in PERI. Equitable Trust Co. grew its position in Perion Network by 1.5% in the fourth quarter. Equitable Trust Co. now owns 102,395 shares of the technology company’s stock worth $981,000 after buying an additional 1,500 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Perion Network by 209.9% during the 2nd 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 last quarter. State of Wyoming boosted its stake in shares of Perion Network by 11.0% during the 2nd quarter. State of Wyoming now owns 22,147 shares of the technology company’s stock worth $225,000 after acquiring an additional 2,196 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Perion Network by 9.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 28,076 shares of the technology company’s stock worth $270,000 after acquiring an additional 2,446 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Perion Network by 21.8% in the 3rd quarter. Squarepoint Ops LLC now owns 14,418 shares of the technology company’s stock worth $138,000 after acquiring an additional 2,581 shares during the last quarter. Institutional investors and hedge funds 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.