Perion Network (NASDAQ:PERI) Shares Cross Above 200 Day Moving Average – Here’s What Happened

by · The Markets Daily

Perion Network Ltd (NASDAQ:PERI – Get Free Report)’s share 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 changing hands.

Analyst Upgrades and Downgrades

PERI has been the subject of several research reports. Lake Street Capital set a $13.00 target price on shares of Perion Network and gave the stock a “buy” rating in a research report on Thursday, May 21st. Needham & Company LLC restated a “hold” rating on shares of Perion Network in a research report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Perion Network has an average rating of “Moderate Buy” and a consensus target price of $13.88.

Read Our Latest Research Report on Perion Network

Perion Network Price Performance

The company has a 50 day simple moving average of $9.52 and a 200-day simple moving average of $9.39. The firm has a market cap of $367.08 million, a PE ratio of -26.86, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17.

Perion Network (NASDAQ:PERI – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The technology company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Perion Network had a negative net margin of 2.95% and a positive return on equity of 2.43%. The firm had revenue of $98.24 million for the quarter, compared to the consensus estimate of $96.72 million. On average, sell-side analysts predict that Perion Network Ltd will post 0.45 EPS for the current fiscal year.

Insider Activity

In other news, Director Eyal Kaplan sold 2,916 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $9.77, for a total value of $28,489.32. Following the transaction, the director owned 54,142 shares in the company, valued at approximately $528,967.34. This trade represents a 5.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 6,765 shares of company stock valued at $65,943 in the last quarter. 2.78% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. lifted its holdings in shares of Perion Network by 209.9% during the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,843 shares during the last quarter. Advisory Services Network LLC bought a new stake in Perion Network in the 3rd quarter worth about $77,000. Royal Bank of Canada lifted its position in Perion Network by 698.9% during the first quarter. Royal Bank of Canada now owns 10,170 shares of the technology company’s stock valued at $102,000 after purchasing an additional 8,897 shares during the period. Virtu Financial LLC purchased a new position in shares of Perion Network in the 3rd quarter worth $100,000. Finally, Centiva Capital LP bought a new stake in shares of Perion Network during the 3rd quarter valued at about $115,000. 68.12% of the stock is currently 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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