Perion Network (NASDAQ:PERI) Issues Earnings Results, Misses Expectations By $0.15 EPS

Perion Network (NASDAQ:PERI) released its quarterly earnings data on Wednesday. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.15), Zacks reports. Perion Network had a return on equity of 10.93% and a net margin of 7.81%. Perion Network updated its FY 2025 guidance to EPS.

Perion Network Stock Down 12.3 %

PERI opened at $8.55 on Thursday. The firm’s 50-day moving average price is $8.89 and its 200-day moving average price is $8.55. The company has a market cap of $383.30 million, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 0.87 and a beta of 1.48. Perion Network has a 52-week low of $7.47 and a 52-week high of $24.50.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PERI. Needham & Company LLC restated a “hold” rating on shares of Perion Network in a report on Thursday. Lake Street Capital restated a “buy” rating and issued a $10.50 target price on shares of Perion Network in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Perion Network currently has an average rating of “Hold” and a consensus price target of $12.25.

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.