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 company’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 $21,600.00. Following the completion of the transaction, the director directly owned 26,773 shares in the company, valued at approximately $267,730. The trade was a 7.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Perion Network Price Performance

PERI opened at $9.87 on Monday. The company has a market capitalization of $385.23 million, a PE ratio of -54.83, a price-to-earnings-growth ratio of 0.90 and a beta of 1.35. Perion Network Ltd has a fifty-two week low of $6.99 and a fifty-two week high of $11.79. The business has a 50-day moving average of $8.99 and a 200-day moving average of $9.42.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Perion Network

Several institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd increased its position in shares of Perion Network by 210.7% during the 4th quarter. XTX Topco Ltd now owns 97,437 shares of the technology company’s stock worth $933,000 after purchasing an additional 66,081 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Perion Network in the fourth quarter valued at about $134,000. Engineers Gate Manager LP acquired a new position in Perion Network in the fourth quarter valued at about $134,000. CastleKnight Management LP grew its stake in Perion Network by 13.8% during the fourth quarter. CastleKnight Management LP now owns 479,020 shares of the technology company’s stock worth $4,589,000 after buying an additional 58,000 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Perion Network during the fourth quarter worth about $148,000. 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.