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 that occurred on Wednesday, July 1st. The shares were sold at an average price of $9.77, for a total value of $16,501.53. Following the completion of the sale, the director directly owned 29,260 shares of the company’s stock, valued at approximately $285,870.20. This represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Perion Network Stock Performance

NASDAQ PERI opened at $9.40 on Friday. The stock’s fifty day moving average is $9.28 and its two-hundred day moving average is $9.32. The firm has a market capitalization of $366.88 million, a P/E ratio of -37.60, a price-to-earnings-growth ratio of 1.30 and a beta of 1.17. Perion Network Ltd has a fifty-two week low of $7.63 and a fifty-two week high of $11.44.

Perion Network (NASDAQ:PERI) last announced its quarterly earnings results on Thursday, May 21st. The technology company reported $0.11 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $91.74 million. As a group, sell-side analysts forecast that Perion Network Ltd will post 0.38 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its position in shares of Perion Network by 209.9% during the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock worth $28,000 after buying an additional 1,843 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Perion Network in the third quarter valued at $77,000. Royal Bank of Canada lifted its holdings in Perion Network by 698.9% during the 1st quarter. Royal Bank of Canada now owns 10,170 shares of the technology company’s stock worth $102,000 after buying an additional 8,897 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Perion Network during the 3rd quarter worth about $100,000. Finally, Centiva Capital LP purchased a new position in shares of Perion Network in the 3rd quarter valued at about $115,000. 68.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Canaccord Genuity Group began coverage on Perion Network in a report on Friday, March 20th. They issued a “buy” rating and a $14.00 price objective on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Perion Network in a research note on Tuesday, May 26th. Finally, Lake Street Capital set a $13.00 price objective on Perion Network and gave the stock a “buy” rating in a research report on Thursday, May 21st. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.88.

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.