Insider Selling: Perion Network (NASDAQ:PERI) Director Sells $16,501.53 in 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 stock was sold at an average price of $9.77, for a total value of $16,501.53. Following the sale, the director directly owned 29,260 shares in the company, valued at $285,870.20. This represents a 5.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Perion Network Price Performance

Perion Network stock opened at $9.40 on Friday. The firm has a market cap of $366.88 million, a PE ratio of -37.60, a price-to-earnings-growth ratio of 1.30 and a beta of 1.17. The stock’s fifty day moving average price is $9.28 and its two-hundred 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.

Perion Network (NASDAQ:PERI) last released its earnings results on Thursday, May 21st. The technology company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $90.40 million during the quarter, compared to the consensus estimate of $91.74 million. Perion Network had a positive return on equity of 3.34% and a negative net margin of 2.17%. Sell-side analysts expect that Perion Network Ltd will post 0.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Lake Street Capital set a $13.00 price target on shares of Perion Network and gave the stock a “buy” rating in a research report on Thursday, May 21st. Canaccord Genuity Group started coverage on Perion Network in a report on Friday, March 20th. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Perion Network in a research note on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.88.

Institutional Investors Weigh In On Perion Network

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Equitable Trust Co. increased its position in Perion Network by 1.5% during the 4th quarter. Equitable Trust Co. now owns 102,395 shares of the technology company’s stock worth $981,000 after purchasing an additional 1,500 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Perion Network by 209.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,843 shares during the last quarter. SG Americas Securities LLC boosted its position in Perion Network by 21.9% in the first quarter. SG Americas Securities LLC now owns 12,190 shares of the technology company’s stock valued at $122,000 after buying an additional 2,186 shares in the last quarter. State of Wyoming boosted its position in Perion Network by 11.0% in the second quarter. State of Wyoming now owns 22,147 shares of the technology company’s stock valued at $225,000 after buying an additional 2,196 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of Perion Network by 21.8% during the third 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 during the last quarter. 68.12% of the stock is owned by institutional investors.

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.