Perion Network Ltd (NASDAQ:PERI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.38 and traded as high as $9.84. Perion Network shares last traded at $9.75, with a volume of 265,703 shares traded.
Analyst Upgrades and Downgrades
PERI has been the topic of a number of research analyst reports. Needham & Company LLC restated a "hold" rating on shares of Perion Network in a report on Tuesday, May 26th. Lake Street Capital set a $13.00 price objective on shares of Perion Network and gave the company a "buy" rating in a research report on Thursday, May 21st. Four investment analysts have rated the stock with a Buy rating, one has assigned 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 an average price target of $13.88.
View Our Latest Report on Perion Network
Perion Network Trading Up 0.5%
The stock has a 50-day simple moving average of $9.51 and a two-hundred day simple moving average of $9.38. The firm has a market capitalization of $380.49 million, a P/E ratio of -27.86, a price-to-earnings-growth ratio of 1.13 and a beta of 1.18.
Perion Network (NASDAQ:PERI - Get Free Report) last issued its earnings results on Tuesday, August 11th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $98.24 million during the quarter, compared to analysts' expectations of $96.72 million. Perion Network had a positive return on equity of 2.43% and a negative net margin of 2.95%. As a group, research analysts expect that Perion Network Ltd will post 0.45 EPS for the current year.
Insider Transactions at Perion Network
In other Perion Network news, Director Eyal Kaplan sold 2,916 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $9.77, for a total transaction of $28,489.32. Following the transaction, the director directly owned 54,142 shares in the company, valued at $528,967.34. This represents a 5.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 6,765 shares of company stock worth $65,943. 2.78% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Perion Network
Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC bought a new position in shares of Perion Network during the first quarter valued at approximately $160,000. Goldman Sachs Group Inc. increased its holdings 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 valued at $2,798,000 after buying an additional 64,442 shares during the period. JPMorgan Chase & Co. raised 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 worth $1,651,000 after buying an additional 101,446 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Perion Network during the second quarter worth $370,000. Finally, Jump Financial LLC lifted its holdings in Perion Network by 38.8% during the second quarter. Jump Financial LLC now owns 81,498 shares of the technology company's stock worth $827,000 after buying an additional 22,789 shares during the period. Hedge funds and other institutional investors own 68.12% of the company's stock.
Perion Network Company Profile
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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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