Perion Network Ltd. Expected to Post Q3 2024 Earnings of $0.13 Per Share (NASDAQ:PERI)

Perion Network Ltd. (NASDAQ:PERIFree Report) – Stock analysts at Roth Capital lowered their Q3 2024 EPS estimates for Perion Network in a research report issued on Tuesday, June 11th. Roth Capital analyst J. Martin now expects that the technology company will earn $0.13 per share for the quarter, down from their previous estimate of $0.29. Roth Capital currently has a “Neutral” rating on the stock. The consensus estimate for Perion Network’s current full-year earnings is $1.03 per share. Roth Capital also issued estimates for Perion Network’s Q4 2024 earnings at $0.28 EPS, FY2024 earnings at $0.88 EPS, Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.35 EPS and FY2025 earnings at $0.72 EPS.

Perion Network (NASDAQ:PERIGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). The company had revenue of $157.82 million during the quarter, compared to analysts’ expectations of $156.96 million. Perion Network had a net margin of 13.94% and a return on equity of 20.70%.

PERI has been the topic of a number of other research reports. Roth Mkm reaffirmed a “neutral” rating and set a $13.00 price objective (down previously from $35.00) on shares of Perion Network in a research note on Tuesday, April 9th. Needham & Company LLC cut shares of Perion Network from a “buy” rating to a “hold” rating in a research note on Monday, June 10th. StockNews.com cut shares of Perion Network from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Oppenheimer cut shares of Perion Network from an “outperform” rating to a “market perform” rating in a research note on Monday, June 10th. Finally, Lake Street Capital dropped their price target on shares of Perion Network from $16.00 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $24.60.

Check Out Our Latest Report on PERI

Perion Network Trading Up 2.1 %

PERI opened at $8.61 on Thursday. Perion Network has a 12-month low of $8.14 and a 12-month high of $36.86. The firm has a market capitalization of $413.19 million, a PE ratio of 4.12, a P/E/G ratio of 0.39 and a beta of 1.40. The firm has a 50 day moving average of $12.06 and a two-hundred day moving average of $21.46.

Hedge Funds Weigh In On Perion Network

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Perion Network by 18.8% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,943,795 shares of the technology company’s stock valued at $88,657,000 after buying an additional 624,441 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Perion Network by 12.8% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,299,039 shares of the technology company’s stock worth $70,971,000 after acquiring an additional 260,000 shares during the period. Vanguard Group Inc. grew its holdings in Perion Network by 2.4% during the first quarter. Vanguard Group Inc. now owns 1,485,179 shares of the technology company’s stock worth $33,387,000 after acquiring an additional 35,476 shares during the period. Victory Capital Management Inc. grew its holdings in Perion Network by 8.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,188,634 shares of the technology company’s stock worth $36,693,000 after acquiring an additional 92,665 shares during the period. Finally, Meitav Investment House Ltd. grew its holdings in Perion Network by 6.1% during the fourth quarter. Meitav Investment House Ltd. now owns 1,059,894 shares of the technology company’s stock worth $32,684,000 after acquiring an additional 61,040 shares during the period. 68.12% of the stock is owned by institutional investors and hedge funds.

Perion Network Company Profile

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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.

Further Reading

Earnings History and Estimates for Perion Network (NASDAQ:PERI)

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