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Perion Network (NASDAQ:PERI) Issues Quarterly Earnings Results

Perion Network logo with Computer and Technology background

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.
  • Want stock alerts on Perion Network? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

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

Perion Network Trading Down 2.7%

Shares of NASDAQ:PERI traded down $0.24 during midday trading on Thursday, reaching $8.78. The company had a trading volume of 407,761 shares, compared to its average volume of 431,732. The stock has a market cap of $393.61 million, a P/E ratio of -73.17, a P/E/G ratio of 0.90 and a beta of 1.43. Perion Network has a 52-week low of $6.99 and a 52-week high of $11.79. The company's 50 day moving average price is $10.43 and its 200 day moving average price is $9.52.

Analysts Set New Price Targets

A number of brokerages have commented on PERI. Lake Street Capital boosted their price target on shares of Perion Network from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Roth Capital set a $14.00 target price on shares of Perion Network in a research note on Wednesday, May 14th. Wall Street Zen upgraded shares of Perion Network from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Needham & Company LLC reiterated a "hold" rating on shares of Perion Network in a research note on Wednesday, May 14th. Finally, Roth Mkm upgraded shares of Perion Network from a "neutral" rating to a "buy" rating and upped their target price for the stock from $9.00 to $14.00 in a research note on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.38.

Check Out Our Latest Research Report on PERI

Institutional Investors Weigh In On Perion Network

Several institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC purchased a new stake in shares of Perion Network in the first quarter worth about $160,000. Arrowstreet Capital Limited Partnership bought a new position in Perion Network during the second quarter valued at approximately $370,000. Jump Financial LLC grew its position in 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 acquiring an additional 22,789 shares during the last quarter. JPMorgan Chase & Co. grew its position in Perion Network by 165.8% during 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 last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of 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 purchasing an additional 64,442 shares during the period. 68.12% of the stock is owned by hedge funds and other institutional investors.

Perion Network Company Profile

(Get Free Report)

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.

Read More

Earnings History for Perion Network (NASDAQ:PERI)

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