Perion Network (NASDAQ:PERI - Get Free Report) released its earnings results on Wednesday. The technology company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.15), Zacks reports. The firm had revenue of $129.58 million during the quarter, compared to analysts' expectations of $130.44 million. Perion Network had a net margin of 2.53% and a return on equity of 5.54%. Perion Network updated its FY 2025 guidance to EPS.
Perion Network Price Performance
PERI stock traded down $0.02 on Friday, reaching $8.52. 423,280 shares of the company traded hands, compared to its average volume of 407,812. The company has a market cap of $381.95 million, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 0.76 and a beta of 1.48. The firm has a fifty day simple moving average of $8.89 and a 200-day simple moving average of $8.55. Perion Network has a one year low of $7.47 and a one year high of $23.74.
Analyst Ratings Changes
A number of research firms have recently commented on PERI. Lake Street Capital restated a "buy" rating and issued a $10.50 target price (down previously from $11.00) on shares of Perion Network in a research note on Wednesday. Needham & Company LLC reaffirmed a "hold" rating on shares of Perion Network in a research report on Thursday. Finally, StockNews.com lowered Perion Network from a "hold" rating to a "sell" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Perion Network presently has an average rating of "Hold" and a consensus price target of $12.25.
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About Perion Network
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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.
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