Perion Network (NASDAQ:PERI) Director Sells $21,600.00 in Stock

Key Points

• Director Michael Vorhaus sold 2,160 shares at $10.00 for a total of $21,600, reducing his stake by 7.47% to 26,773 shares (≈$267,730).
• Perion reported quarterly EPS of $0.49 (in line with estimates) on $137.14M revenue, but the company has a negative net margin (-1.8%) and a market cap of roughly $385.2M with a 52-week range of $6.99–$11.79.
• Institutional investors own about 68.12% of the stock and analysts hold a consensus Moderate Buy rating with an average target price of $14.13 amid mixed individual ratings.

Perion Network Ltd (NASDAQ:PERI - Get Free Report) Director Michael Vorhaus sold 2,160 shares of Perion Network 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 $21,600.00. Following the completion of the transaction, the director directly owned 26,773 shares in the company, valued at approximately $267,730. This trade represents a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Perion Network Price Performance

PERI stock opened at $9.87 on Monday. The firm has a market capitalization of $385.23 million, a P/E ratio of -54.83, a P/E/G ratio of 0.90 and a beta of 1.35. Perion Network Ltd has a 52-week low of $6.99 and a 52-week high of $11.79. The company's 50 day simple moving average is $8.99 and its 200-day simple moving average is $9.42.

Perion Network (NASDAQ:PERI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The technology company reported $0.49 EPS for the quarter, hitting 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 firm had revenue of $137.14 million during the quarter, compared to analyst estimates of $136.53 million. Sell-side analysts predict that Perion Network Ltd will post 0.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Perion Network

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Capital Management LLC boosted its stake 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 valued at $36,012,000 after buying an additional 538,375 shares during the period. Stableford Capital II LLC grew its holdings in shares of Perion Network by 173.5% during the 4th quarter. Stableford Capital II LLC now owns 215,960 shares of the technology company's stock valued at $2,069,000 after acquiring an additional 136,999 shares in the last quarter. Tripletail Wealth Management LLC increased its stake in shares of Perion Network by 1,066.7% in the fourth quarter. Tripletail Wealth Management LLC now owns 113,520 shares of the technology company's stock worth $1,088,000 after acquiring an additional 103,790 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Perion Network by 165.8% in the second 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 last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Perion Network during the third quarter worth $837,000. Hedge funds and other institutional investors own 68.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wall Street Zen downgraded Perion Network from a "buy" rating to a "hold" rating in a report on Saturday, February 14th. Canaccord Genuity Group started coverage on Perion Network in a research note 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 objective on Perion Network in a research report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Perion Network in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Perion Network currently has a consensus rating of "Moderate Buy" and an average target price of $14.13.

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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