Perion Network (NASDAQ:PERI) Director Eyal Kaplan Sells 2,915 Shares

Perion Network Ltd (NASDAQ:PERI) Director Eyal Kaplan sold 2,915 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $10.00, for a total value of $29,150.00. Following the completion of the transaction, the director owned 57,058 shares in the company, valued at approximately $570,580. This trade represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Perion Network Price Performance

NASDAQ PERI opened at $9.87 on Monday. Perion Network Ltd has a 1-year low of $6.99 and a 1-year high of $11.79. The firm has a market capitalization of $385.23 million, a P/E ratio of -54.83, a P/E/G ratio of 0.90 and a beta of 1.35. The business’s 50-day simple moving average is $8.99 and its 200-day simple moving average is $9.42.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen cut Perion Network from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Perion Network in a research report on Thursday, January 22nd. Canaccord Genuity Group started coverage on shares of Perion Network in a research report on Friday, March 20th. They set a “buy” rating and a $14.00 price target for the company. Finally, Lake Street Capital set a $14.00 price target on Perion Network in a research note on Thursday, February 19th. 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 company. Based on data from MarketBeat.com, Perion Network presently has an average rating of “Moderate Buy” and a consensus price target of $14.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Stableford Capital II LLC raised its holdings in shares of Perion Network by 173.5% during the fourth quarter. Stableford Capital II LLC now owns 215,960 shares of the technology company’s stock valued at $2,069,000 after buying an additional 136,999 shares during the last quarter. Squarepoint Ops LLC grew its holdings in 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 buying an additional 2,581 shares in the last quarter. Quadrature Capital Ltd bought a new position in Perion Network in the 4th quarter worth approximately $134,000. Centiva Capital LP acquired a new stake in Perion Network in the 3rd quarter valued at approximately $115,000. Finally, Virtu Financial LLC bought a new stake in Perion Network during the 3rd quarter valued at $100,000. Institutional investors own 68.12% of the company’s stock.

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.