Eyal Kaplan Sells 2,915 Shares of Perion Network (NASDAQ:PERI) Stock

Key Points

• Eyal Kaplan, a Perion director, sold 2,915 shares on April 1 at an average price of $10, trimming his stake by 4.86% to 57,058 shares valued at about $570,580, according to an SEC filing.
• Perion reported quarterly EPS of $0.49 and revenue of $137.14 million (roughly in line with estimates), but the company shows a negative net margin (-1.8%) and mixed profitability metrics.
• Analysts have a consensus rating of "Moderate Buy" with an average target of $14.13 (four Buys, one Hold, one Sell), and institutional investors own about 68% of the stock.

Perion Network Ltd (NASDAQ:PERI - Get Free Report) Director Eyal Kaplan sold 2,915 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $10.00, for a total transaction of $29,150.00. Following the sale, the director owned 57,058 shares in the company, valued at $570,580. This trade represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Perion Network Price Performance

PERI opened at $9.87 on Monday. The business has a fifty day moving average price of $8.99 and a 200 day moving average price of $9.42. The stock has a market capitalization of $385.23 million, a price-to-earnings ratio of -54.83, a PEG 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 posted its earnings results on Wednesday, February 18th. The technology company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Perion Network had a positive return on equity of 3.38% and a negative net margin of 1.80%.The firm had revenue of $137.14 million for the quarter, compared to analyst estimates of $136.53 million. On average, research analysts anticipate that Perion Network Ltd will post 0.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PERI. Canaccord Genuity Group started coverage on Perion Network in a report on Friday, March 20th. They issued a "buy" rating and a $14.00 price objective for the company. Lake Street Capital set a $14.00 price target on shares of Perion Network in a report on Thursday, February 19th. Weiss Ratings reissued a "sell (d+)" rating on shares of Perion Network in a report on Thursday, January 22nd. Finally, Wall Street Zen downgraded Perion Network from a "buy" rating to a "hold" rating in a research note on Saturday, February 14th. Four 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.13.

Hedge Funds Weigh In On Perion Network

Several institutional investors have recently added to or reduced their stakes in the business. Private Capital Management LLC lifted its holdings in shares of Perion Network by 16.8% during the 3rd quarter. Private Capital Management LLC now owns 3,751,278 shares of the technology company's stock worth $36,012,000 after acquiring an additional 538,375 shares during the period. Vanguard Group Inc. increased its position in Perion Network by 0.9% during the third quarter. Vanguard Group Inc. now owns 1,713,232 shares of the technology company's stock worth $16,558,000 after purchasing an additional 14,563 shares during the last quarter. CastleKnight Management LP increased its position 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 purchasing an additional 58,000 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Perion Network by 23.1% during the first 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. Finally, ARK Investment Management LLC raised its stake in Perion Network by 28.2% during the fourth quarter. ARK Investment Management LLC now owns 219,605 shares of the technology company's stock worth $2,104,000 after purchasing an additional 48,283 shares during the period. 68.12% of the stock is currently owned by institutional investors and hedge funds.

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.

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