Perion Network (NASDAQ:PERI) Announces Quarterly Earnings Results

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

Perion Network Price Performance

Shares of NASDAQ PERI opened at $10.67 on Wednesday. Perion Network has a one year low of $8.06 and a one year high of $11.44. The business’s fifty day moving average price is $9.98 and its 200-day moving average price is $9.58. The stock 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 Activity at Perion Network

In other news, Director Eyal Kaplan sold 2,915 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $10.00, for a total transaction of $29,150.00. Following the transaction, the director owned 57,058 shares of the company’s stock, valued at $570,580. This represents a 4.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 6,764 shares of company stock worth $67,640. 2.78% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. 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 buying an additional 1,843 shares during the last quarter. State of Wyoming lifted its holdings in Perion Network by 11.0% during the 2nd quarter. State of Wyoming now owns 22,147 shares of the technology company’s stock worth $225,000 after purchasing an additional 2,196 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in Perion Network by 21.8% during the 3rd quarter. Squarepoint Ops LLC now owns 14,418 shares of the technology company’s stock worth $138,000 after purchasing an additional 2,581 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Perion Network by 7.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 54,809 shares of the technology company’s stock worth $526,000 after purchasing an additional 3,664 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in Perion Network by 20.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 42,115 shares of the technology company’s stock worth $427,000 after purchasing an additional 7,028 shares in the last quarter. Hedge funds and other institutional investors own 68.12% of the company’s stock.

Wall Street Analyst Weigh In

PERI has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Perion Network in a research report on Thursday, January 22nd. Lake Street Capital set a $14.00 price objective on Perion Network in a research report on Thursday, February 19th. Canaccord Genuity Group initiated coverage on Perion Network in a research report on Friday, March 20th. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Wall Street Zen cut Perion Network from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average 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.