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

Perion Network (NASDAQ:PERI) announced its earnings results on Monday. The technology company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $98.24 million during the quarter, compared to analysts’ expectations of $96.52 million.

Perion Network Price Performance

Shares of PERI stock opened at $9.81 on Monday. The business’s fifty day moving average price is $9.04 and its 200 day moving average price is $9.29. The firm has a market capitalization of $382.88 million, a PE ratio of -39.24, a P/E/G ratio of 1.36 and a beta of 1.18. Perion Network has a 1-year low of $7.63 and a 1-year high of $11.27.

Insider Buying and Selling

In other Perion Network news, Director Eyal Kaplan sold 2,916 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $9.77, for a total transaction of $28,489.32. Following the sale, the director directly owned 54,142 shares in the company, valued at approximately $528,967.34. The trade was a 5.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 over the last three months. 2.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Perion Network

Large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its position in shares of Perion Network by 209.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,843 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Perion Network in the 3rd quarter worth approximately $77,000. Virtu Financial LLC purchased a new position in Perion Network in the 3rd quarter valued at approximately $100,000. Centiva Capital LP purchased a new position in Perion Network in the 3rd quarter valued at approximately $115,000. Finally, Aquatic Capital Management LLC acquired a new position in Perion Network during the third quarter worth $130,000. Hedge funds and other institutional investors own 68.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PERI shares. Lake Street Capital set a $13.00 price target on Perion Network and gave the company a “buy” rating in a research report on Thursday, May 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Perion Network in a research note on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average 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.