Perion Network (NASDAQ:PERI) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Perion Network (NASDAQ:PERI) released its quarterly earnings data on Wednesday. The technology company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05, FiscalAI reports. The business had revenue of $90.37 million for the quarter, compared to analyst estimates of $91.74 million. Perion Network had a positive return on equity of 3.38% and a negative net margin of 1.80%.

Perion Network Trading Down 2.0%

Perion Network stock opened at $10.67 on Wednesday. The stock has a 50-day moving average price of $9.98 and a two-hundred day moving average price of $9.58. Perion Network has a 12 month low of $8.06 and a 12 month high of $11.44. The company has a market capitalization of $416.40 million, a PE ratio of -59.27, a P/E/G ratio of 1.00 and a beta of 1.31.

Insider Buying and Selling

In related news, Director Eyal Kaplan sold 2,915 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $10.00, for a total value of $29,150.00. Following the sale, the director directly owned 57,058 shares in the company, valued at $570,580. This represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 6,764 shares of company stock valued at $67,640 in the last quarter. Corporate insiders own 2.78% of the company’s stock.

Institutional Trading of Perion Network

Several institutional investors have recently added to or reduced their stakes in PERI. Osaic Holdings Inc. boosted its holdings in Perion Network by 209.9% in the second 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 last quarter. Advisory Services Network LLC bought a new stake in Perion Network in the third quarter valued at approximately $77,000. Virtu Financial LLC bought a new stake in Perion Network in the third quarter worth approximately $100,000. Centiva Capital LP bought a new stake in Perion Network in the third quarter worth approximately $115,000. Finally, Aquatic Capital Management LLC bought a new stake in Perion Network in the third quarter worth approximately $130,000. 68.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen lowered Perion Network from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Perion Network in a research report on Thursday, January 22nd. Canaccord Genuity Group began coverage on Perion Network in a research report on Friday, March 20th. They issued a “buy” rating and a $14.00 target price for the company. Finally, Lake Street Capital set a $14.00 target price on Perion Network in a research report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.13.

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.