Michael Vorhaus Sells 2,160 Shares of Perion Network (NASDAQ:PERI) Stock

Perion Network Ltd (NASDAQ:PERI) Director Michael Vorhaus sold 2,160 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $9.70, for a total transaction of $20,952.00. Following the completion of the sale, the director directly owned 24,613 shares in the company, valued at $238,746.10. This trade represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Perion Network Stock Performance

Shares of PERI stock opened at $9.40 on Friday. The firm’s 50 day moving average price is $9.28 and its 200-day moving average price is $9.32. Perion Network Ltd has a one year low of $7.63 and a one year high of $11.44. The firm has a market cap of $366.88 million, a P/E ratio of -37.60, a P/E/G ratio of 1.30 and a beta of 1.17.

Perion Network (NASDAQ:PERI) last posted its quarterly earnings data on Thursday, May 21st. The technology company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Perion Network had a negative net margin of 2.17% and a positive return on equity of 3.34%. The firm had revenue of $90.40 million during the quarter, compared to analysts’ expectations of $91.74 million. As a group, research analysts predict that Perion Network Ltd will post 0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Perion Network

Several large investors have recently added to or reduced their stakes in the business. Private Capital Management LLC grew its position 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 worth $36,012,000 after buying an additional 538,375 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Perion Network in the first quarter valued at approximately $1,568,000. Stableford Capital II LLC raised its holdings in Perion Network by 173.5% in the fourth quarter. Stableford Capital II LLC now owns 215,960 shares of the technology company’s stock valued at $2,069,000 after acquiring an additional 136,999 shares in the last quarter. Tripletail Wealth Management LLC lifted its stake in Perion Network by 1,066.7% in the fourth quarter. Tripletail Wealth Management LLC now owns 113,520 shares of the technology company’s stock worth $1,088,000 after acquiring an additional 103,790 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Perion Network by 165.8% in the second 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 during the last quarter. 68.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Lake Street Capital set a $13.00 price target on Perion Network and gave the stock a “buy” rating in a research report on Thursday, May 21st. Needham & Company LLC reiterated a “hold” rating on shares of Perion Network in a report on Tuesday, May 26th. Finally, Canaccord Genuity Group initiated coverage on Perion Network in a research note on Friday, March 20th. They set a “buy” rating and a $14.00 target price on the stock. Four equities research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $13.88.

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.