Perion Network (NASDAQ:PERI) Posts Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Perion Network (NASDAQ:PERI) issued its quarterly earnings data on Wednesday. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.22), Zacks reports. Perion Network had a negative net margin of 1.12% and a positive return on equity of 2.68%. Perion Network updated its FY 2025 guidance to EPS.

Perion Network Trading Up 16.9%

Shares of NASDAQ:PERI traded up $1.60 during mid-day trading on Wednesday, hitting $11.10. 1,041,694 shares of the company traded hands, compared to its average volume of 383,146. The stock has a 50-day moving average price of $9.46 and a two-hundred day moving average price of $9.93. Perion Network has a 12-month low of $6.99 and a 12-month high of $11.79. The stock has a market cap of $497.60 million, a P/E ratio of -93.38, a P/E/G ratio of 0.83 and a beta of 1.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. grew its holdings in 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 in the last quarter. State of Wyoming boosted its position in shares of Perion Network by 11.0% in the second quarter. State of Wyoming now owns 22,147 shares of the technology company’s stock valued at $225,000 after acquiring an additional 2,196 shares during the period. Balyasny Asset Management L.P. grew its stake in Perion Network by 20.0% during the second quarter. Balyasny Asset Management L.P. now owns 42,115 shares of the technology company’s stock valued at $427,000 after acquiring an additional 7,028 shares in the last quarter. Vanguard Group Inc. lifted its stake in Perion Network by 0.9% in 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. Finally, NewEdge Advisors LLC bought a new position in Perion Network in the 1st quarter valued at $160,000. Institutional investors own 68.12% of the company’s stock.

Analyst Upgrades and Downgrades

PERI has been the topic of several research reports. Wall Street Zen upgraded Perion Network from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Perion Network in a report on Wednesday, October 8th. Finally, Craig Hallum set a $14.00 price target on shares of Perion Network and gave the company a “buy” rating in a research note on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

About Perion Network

Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It offers Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform.