Perion Network (NASDAQ:PERI) Posts Earnings Results, Misses Expectations By $0.03 EPS

Key Points

• Perion Network reported a quarterly EPS of $0.14, missing expectations by $0.03.
• The company's stock price increased by 2.4% following the earnings announcement.
• Analysts maintain a consensus rating of "Moderate Buy" with an average target price of $12.38 for Perion Network shares.

Perion Network (NASDAQ:PERI - Get Free Report) announced its quarterly earnings data on Monday. The technology company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03), Zacks reports. Perion Network had a negative net margin of 1.12% and a positive return on equity of 2.68%. The company had revenue of $102.98 million for the quarter, compared to analyst estimates of $100.03 million. Perion Network updated its FY 2025 guidance to EPS.

Perion Network Stock Up 3.8%

NASDAQ PERI traded up $0.34 during trading hours on Friday, reaching $9.12. 148,929 shares of the company were exchanged, compared to its average volume of 429,884. The business's 50 day simple moving average is $10.40 and its 200-day simple moving average is $9.52. Perion Network has a 1 year low of $6.99 and a 1 year high of $11.79. The stock has a market capitalization of $408.63 million, a P/E ratio of -75.96, a P/E/G ratio of 0.88 and a beta of 1.43.

Institutional Investors Weigh In On Perion Network

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC bought a new stake in Perion Network during the first quarter worth about $160,000. Arrowstreet Capital Limited Partnership bought a new position in Perion Network during the 2nd quarter valued at approximately $370,000. Balyasny Asset Management L.P. raised its stake in Perion Network by 20.0% during the second quarter. Balyasny Asset Management L.P. now owns 42,115 shares of the technology company's stock valued at $427,000 after buying an additional 7,028 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Perion Network by 582.3% in the second quarter. BNP Paribas Financial Markets now owns 64,644 shares of the technology company's stock worth $656,000 after acquiring an additional 55,170 shares during the last quarter. Finally, Jump Financial LLC grew its position in Perion Network by 38.8% during the 2nd 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. 68.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PERI shares. Needham & Company LLC reiterated a "hold" rating on shares of Perion Network in a report on Wednesday, May 14th. Wall Street Zen upgraded shares of Perion Network from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Roth Mkm upgraded shares of Perion Network from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $9.00 to $14.00 in a report on Wednesday, May 14th. Roth Capital set a $14.00 price objective on shares of Perion Network in a report on Wednesday, May 14th. Finally, Lake Street Capital lifted their target price on shares of Perion Network from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.38.

Perion Network Company Profile

Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It offers Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform.