Value Base Ltd. Sells 707,313 Shares of Perion Network Ltd $PERI

Value Base Ltd. lowered its stake in shares of Perion Network Ltd (NASDAQ:PERI) by 31.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,551,423 shares of the technology company’s stock after selling 707,313 shares during the period. Perion Network makes up approximately 10.1% of Value Base Ltd.’s investment portfolio, making the stock its 5th largest position. Value Base Ltd. owned 3.46% of Perion Network worth $14,894,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PERI. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Perion Network by 37.9% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,511,885 shares of the technology company’s stock valued at $15,346,000 after acquiring an additional 415,912 shares during the last quarter. Systematic Financial Management LP increased its position in Perion Network by 1.7% during the second quarter. Systematic Financial Management LP now owns 725,071 shares of the technology company’s stock worth $7,359,000 after buying an additional 11,894 shares during the period. Goldman Sachs Group Inc. boosted its stake in Perion Network by 23.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 343,723 shares of the technology company’s stock worth $2,798,000 after purchasing an additional 64,442 shares during the period. JPMorgan Chase & Co. lifted its position in Perion Network by 165.8% during the 2nd 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 period. Finally, Equitable Trust Co. grew its position in Perion Network by 12.3% in the 2nd quarter. Equitable Trust Co. now owns 98,680 shares of the technology company’s stock valued at $1,002,000 after buying an additional 10,780 shares during the last quarter. Institutional investors and hedge funds own 68.12% of the company’s stock.

Perion Network Trading Up 0.2%

PERI stock opened at $9.22 on Thursday. The firm’s 50-day moving average is $9.76 and its two-hundred day moving average is $9.79. The company has a market capitalization of $378.11 million, a price-to-earnings ratio of -35.46, a price-to-earnings-growth ratio of 0.71 and a beta of 1.46. Perion Network Ltd has a 52 week low of $6.99 and a 52 week high of $11.79.

Analyst Ratings Changes

A number of research firms recently commented on PERI. Roth Mkm reissued a “buy” rating and set a $14.50 price objective (up previously from $14.00) on shares of Perion Network in a report on Thursday, November 13th. Craig Hallum set a $14.00 target price on Perion Network and gave the stock a “buy” rating in a research report on Monday, October 13th. Lake Street Capital upped their price objective on Perion Network from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Perion Network in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $14.50.

Perion Network 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.