Perion Network (NASDAQ:PERI) Posts Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Perion Network (NASDAQ:PERI) announced its quarterly earnings data on Wednesday. The technology company reported $0.19 EPS 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 Trading Up 0.1 %

Shares of PERI opened at $9.75 on Wednesday. The company has a market cap of $437.09 million, a price-to-earnings ratio of 10.48, a PEG ratio of 0.87 and a beta of 1.48. The company’s fifty day simple moving average is $8.90 and its 200 day simple moving average is $8.55. Perion Network has a 1-year low of $7.47 and a 1-year high of $24.50.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a “hold” rating on shares of Perion Network in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Perion Network has a consensus rating of “Hold” and a consensus target price of $12.13.

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.