Perion Network (NASDAQ:PERI) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• Perion Network beat quarterly expectations, reporting EPS of $0.09 versus the $0.08 consensus estimate and revenue of $98.24 million versus expectations of $96.52 million. The company nevertheless posted a negative net margin of 2.17%.
• Analysts maintain a generally favorable outlook, with four Buy, one Hold and one Sell rating producing a consensus “Moderate Buy” rating and an average price target of $13.88, above the $9.81 opening price.
• Institutional investors own 68.12% of Perion’s shares, while insiders own 2.78%; director Eyal Kaplan recently sold shares to cover tax withholding obligations tied to vested equity awards.

Perion Network (NASDAQ:PERI - Get Free Report) announced its quarterly earnings data on Monday. The technology company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01, FiscalAI reports. Perion Network had a negative net margin of 2.17% and a positive return on equity of 3.34%. The firm had revenue of $98.24 million during the quarter, compared to analysts' expectations of $96.52 million.

Perion Network Price Performance

Shares of NASDAQ PERI opened at $9.81 on Monday. The firm's 50-day moving average is $9.04 and its two-hundred day moving average is $9.29. The company has a market capitalization of $382.88 million, a PE ratio of -39.24, a price-to-earnings-growth ratio of 1.36 and a beta of 1.18. Perion Network has a 12-month low of $7.63 and a 12-month high of $11.27.

Analysts Set New Price Targets

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

Insider Buying and Selling at Perion Network

In related news, Director Eyal Kaplan sold 2,916 shares of Perion Network stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $9.77, for a total transaction of $28,489.32. Following the completion of the transaction, the director directly owned 54,142 shares in the company, valued at $528,967.34. The trade was a 5.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 6,765 shares of company stock worth $65,943. Company insiders own 2.78% of the company's stock.

Institutional Investors Weigh In On Perion Network

Large investors have recently bought and sold shares of the stock. XTX Topco Ltd increased its position in Perion Network by 210.7% during the fourth quarter. XTX Topco Ltd now owns 97,437 shares of the technology company's stock worth $933,000 after buying an additional 66,081 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Perion Network during the fourth quarter valued at $134,000. Engineers Gate Manager LP purchased a new stake in Perion Network during the 4th quarter worth about $134,000. Schonfeld Strategic Advisors LLC acquired a new position in Perion Network in the 4th quarter valued at about $148,000. Finally, Raffles Associates LP raised its stake in Perion Network by 137.5% in the 4th quarter. Raffles Associates LP now owns 95,000 shares of the technology company's stock valued at $910,000 after purchasing an additional 55,000 shares during the last quarter. Institutional investors and hedge funds own 68.12% of the company's stock.

About Perion Network

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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