Perion Network (NASDAQ:PERI) Releases Earnings Results

Perion Network (NASDAQ:PERI) issued its earnings results on Wednesday. The technology company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05, FiscalAI reports. The company had revenue of $90.37 million for the quarter, compared to analysts’ expectations of $91.74 million. Perion Network had a negative net margin of 1.80% and a positive return on equity of 3.38%.

Perion Network Stock Performance

Perion Network stock opened at $10.67 on Wednesday. The company has a 50-day simple moving average of $9.98 and a 200-day simple moving average of $9.58. The firm has a market capitalization of $416.40 million, a P/E ratio of -59.27, a P/E/G ratio of 1.00 and a beta of 1.31. Perion Network has a one year low of $8.06 and a one year high of $11.44.

Insider Activity at Perion Network

In other news, Director Eyal Kaplan sold 2,915 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $10.00, for a total transaction of $29,150.00. Following the completion of the transaction, the director owned 57,058 shares in the company, valued at approximately $570,580. This represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 6,764 shares of company stock worth $67,640 in the last three months. 2.78% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Perion Network

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Wyoming grew its position in Perion Network by 11.0% in the 2nd quarter. State of Wyoming now owns 22,147 shares of the technology company’s stock valued at $225,000 after buying an additional 2,196 shares in the last quarter. Boothbay Fund Management LLC bought a new position in Perion Network in the 3rd quarter valued at about $188,000. NewEdge Advisors LLC bought a new position in Perion Network in the 1st quarter valued at about $160,000. Magnetar Financial LLC bought a new position in Perion Network in the 4th quarter valued at about $150,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Perion Network in the 4th quarter valued at about $148,000. Institutional investors own 68.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PERI shares. Lake Street Capital set a $14.00 target price on shares of Perion Network in a report on Thursday, February 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of Perion Network in a report on Thursday, January 22nd. Canaccord Genuity Group assumed coverage on shares of Perion Network in a research report on Friday, March 20th. They set a “buy” rating and a $14.00 price target for the company. Finally, Wall Street Zen lowered shares of Perion Network from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Perion Network currently has a consensus rating of “Moderate Buy” and a consensus target price 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.