North Star Investment Management Corp. Invests $649,000 in Perion Network Ltd $PERI

North Star Investment Management Corp. purchased a new stake in Perion Network Ltd (NASDAQ:PERI) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 65,000 shares of the technology company’s stock, valued at approximately $649,000. North Star Investment Management Corp. owned 0.17% of Perion Network as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC acquired a new stake in Perion Network during the first quarter worth about $160,000. Goldman Sachs Group Inc. boosted its stake in Perion Network by 23.1% in the first quarter. Goldman Sachs Group Inc. now owns 343,723 shares of the technology company’s stock valued at $2,798,000 after acquiring an additional 64,442 shares during the period. JPMorgan Chase & Co. boosted 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 valued at $1,651,000 after acquiring an additional 101,446 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Perion Network during the second quarter valued at approximately $370,000. Finally, Jump Financial LLC grew its holdings in shares of Perion Network by 38.8% during the second quarter. Jump Financial LLC now owns 81,498 shares of the technology company’s stock valued at $827,000 after purchasing an additional 22,789 shares during the last quarter. Institutional investors own 68.12% of the company’s stock.

Analysts Set New Price Targets

PERI has been the topic of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Perion Network in a report on Tuesday, May 26th. Canaccord Genuity Group started coverage on Perion Network in a research note on Friday, March 20th. They set a “buy” rating and a $14.00 price objective for the company. Finally, Lake Street Capital set a $13.00 price objective on Perion Network and gave the stock a “buy” rating in a research note on Thursday, May 21st. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.88.

Perion Network Stock Up 2.5%

Perion Network stock opened at $9.44 on Tuesday. Perion Network Ltd has a 52-week low of $7.63 and a 52-week high of $11.44. The firm has a market capitalization of $368.44 million, a price-to-earnings ratio of -37.76, a PEG ratio of 1.28 and a beta of 1.23. The firm has a 50-day moving average price of $9.38 and a two-hundred day moving average price of $9.33.

Perion Network (NASDAQ:PERI) last announced its quarterly earnings results on Thursday, May 21st. The technology company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. The company had revenue of $90.40 million for the quarter, compared to analyst estimates of $91.74 million. Perion Network had a negative net margin of 2.17% and a positive return on equity of 3.34%. Research analysts expect that Perion Network Ltd will post 0.38 earnings per share for the current year.

Insider Transactions at Perion Network

In related news, Director Eyal Kaplan sold 2,915 shares of the firm’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 directly owned 57,058 shares in the company, valued at $570,580. This trade represents a 4.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 6,764 shares of company stock valued at $67,640. Corporate insiders own 2.78% of the company’s stock.

Perion Network 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.