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

Perion Network (NASDAQ:PERI) announced its earnings results on Monday. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01, FiscalAI reports. The firm had revenue of $98.24 million for the quarter, compared to analyst estimates of $96.52 million. Perion Network had a negative net margin of 2.17% and a positive return on equity of 3.34%.

Perion Network Price Performance

PERI stock opened at $9.81 on Monday. The company has a market cap of $382.88 million, a price-to-earnings ratio of -39.24, a PEG ratio of 1.36 and a beta of 1.18. The business has a fifty day simple moving average of $9.04 and a 200-day simple moving average of $9.29. Perion Network has a 52 week low of $7.63 and a 52 week high of $11.27.

Insiders Place Their Bets

In other Perion Network news, Director Eyal Kaplan sold 2,916 shares of the business’s stock in a transaction dated 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 sale, the director owned 54,142 shares of the company’s stock, valued at approximately $528,967.34. The trade was a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 sold a total of 6,765 shares of company stock valued at $65,943 in the last 90 days. 2.78% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Perion Network

Several institutional investors and hedge funds have recently added to or reduced their stakes in PERI. Private Capital Management LLC lifted its stake in shares of Perion Network by 16.8% in the 3rd quarter. Private Capital Management LLC now owns 3,751,278 shares of the technology company’s stock valued at $36,012,000 after purchasing an additional 538,375 shares in the last quarter. Vanguard Group Inc. increased its position in Perion Network by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,713,232 shares of the technology company’s stock worth $16,558,000 after purchasing an additional 14,563 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings 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 buying an additional 64,442 shares during the period. ARK Investment Management LLC raised its holdings in Perion Network by 28.2% in the fourth quarter. ARK Investment Management LLC now owns 219,605 shares of the technology company’s stock valued at $2,104,000 after buying an additional 48,283 shares during the period. Finally, JPMorgan Chase & Co. lifted 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 buying an additional 101,446 shares in the last quarter. 68.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on PERI shares. Needham & Company LLC reiterated a “hold” rating on shares of Perion Network in a report on Tuesday, May 26th. Lake Street Capital set a $13.00 price objective on Perion Network and gave the stock a “buy” rating in a report on Thursday, May 21st. 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.88.

Perion Network Company 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.