Key Points
- Director Joy Sharon Marcus sold 1,689 shares on April 1 at $10.00 each (totaling $16,890), reducing her stake by 5.17% to 30,949 shares valued at $309,490, per an SEC filing.
- Perion opened at $9.80 with a market cap of about $382.5M and a negative PE of -54.44; the company reported quarterly EPS of $0.49 (in line with estimates) on $137.14M revenue, and analysts have a consensus rating of "Moderate Buy" with a $14.13 price target.
Perion Network Ltd (NASDAQ:PERI - Get Free Report) Director Joy Sharon Marcus sold 1,689 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $10.00, for a total transaction of $16,890.00. Following the sale, the director owned 30,949 shares of the company's stock, valued at $309,490. This trade represents a 5.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Perion Network Stock Down 0.7%
Shares of PERI stock opened at $9.80 on Tuesday. The firm has a 50 day moving average price of $9.00 and a two-hundred day moving average price of $9.42. The company has a market capitalization of $382.49 million, a PE ratio of -54.44, a price-to-earnings-growth ratio of 0.90 and a beta of 1.35. Perion Network Ltd has a 12-month low of $6.99 and a 12-month high of $11.79.
Perion Network (NASDAQ:PERI - Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The technology company reported $0.49 earnings per share for the quarter, meeting analysts' consensus estimates of $0.49. Perion Network had a negative net margin of 1.80% and a positive return on equity of 3.38%. The company had revenue of $137.14 million during the quarter, compared to the consensus estimate of $136.53 million. As a group, research analysts expect that Perion Network Ltd will post 0.51 EPS for the current year.
Wall Street Analyst Weigh In
PERI has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Perion Network from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. Lake Street Capital set a $14.00 price target on shares of Perion Network in a research report on Thursday, February 19th. Canaccord Genuity Group initiated coverage on shares of Perion Network in a research report on Friday, March 20th. They issued a "buy" rating and a $14.00 price target for the company. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Perion Network in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.13.
Get Our Latest Stock Analysis on Perion Network
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in PERI. NewEdge Advisors LLC bought a new position in Perion Network in the first quarter valued at approximately $160,000. Goldman Sachs Group Inc. increased its stake in Perion Network by 23.1% in the first quarter. Goldman Sachs Group Inc. now owns 343,723 shares of the technology company's stock valued at $2,798,000 after acquiring an additional 64,442 shares during the last quarter. JPMorgan Chase & Co. increased 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 valued at $1,651,000 after acquiring an additional 101,446 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Perion Network in the second quarter valued at approximately $370,000. Finally, Jump Financial LLC increased its stake in Perion Network by 38.8% in the second quarter. Jump Financial LLC now owns 81,498 shares of the technology company's stock valued at $827,000 after acquiring an additional 22,789 shares during the last quarter. 68.12% of the stock is owned by institutional investors.
About Perion Network
(
Get Free Report)
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.
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