Perion Network (NASDAQ:PERI) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Perion shares crossed above its 200-day moving average (200-day MA $9.42), trading as high as $9.76 on Monday with about 174,844 shares traded.
• Analysts hold a consensus rating of Moderate Buy with an average price target of $14.13 (four Buys, one Hold, one Sell), and Canaccord Genuity and Lake Street each set $14 targets.
• The company reported quarterly EPS of $0.49 (in line with estimates) on $137.14M revenue; insiders have recently sold shares and institutional ownership is roughly 68%.

Shares of Perion Network Ltd (NASDAQ:PERI - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.42 and traded as high as $9.76. Perion Network shares last traded at $9.76, with a volume of 174,844 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented 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 target on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of Perion Network in a report on Thursday, January 22nd. Wall Street Zen cut Perion Network from a "buy" rating to a "hold" rating in a research note on Saturday, February 14th. Finally, Lake Street Capital set a $14.00 price target on Perion Network in a research report on Thursday, February 19th. Four 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $14.13.

Perion Network Stock Up 2.1%

The business's 50 day simple moving average is $9.08 and its 200 day simple moving average is $9.42. The stock has a market cap of $380.88 million, a price-to-earnings ratio of -54.22, a PEG ratio of 0.87 and a beta of 1.35.

Perion Network (NASDAQ:PERI - Get Free Report) last issued its earnings results on Wednesday, February 18th. The technology company reported $0.49 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $136.53 million. Equities research analysts forecast that Perion Network Ltd will post 0.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Perion Network news, Director Eyal Kaplan sold 2,915 shares of the company'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 value of $29,150.00. Following the sale, the director owned 57,058 shares in the company, valued at $570,580. This represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 6,764 shares of company stock worth $67,640 over the last 90 days. 2.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. raised 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 acquiring an additional 1,843 shares during the period. Advisory Services Network LLC bought a new position in Perion Network during the third quarter worth $77,000. Tripletail Wealth Management LLC acquired a new position in shares of Perion Network in the third quarter valued at $95,000. Virtu Financial LLC acquired a new position in shares of Perion Network in the third quarter valued at $100,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Perion Network in the third quarter valued at about $107,000. 68.12% of the stock is owned by institutional investors and hedge funds.

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.

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