Benchmark Reaffirms Speculative Buy Rating for Peraso (NASDAQ:PRSO)

Benchmark reissued their speculative buy rating on shares of Peraso (NASDAQ:PRSO) in a research report released on Tuesday, Benzinga reports. They currently have a $4.00 target price on the stock.

Separately, LADENBURG THALM/SH SH assumed coverage on Peraso in a research note on Wednesday, June 12th. They issued a buy rating and a $3.75 price objective on the stock.

Peraso Price Performance

Shares of PRSO opened at $1.40 on Tuesday. The firm has a 50-day simple moving average of $1.41 and a two-hundred day simple moving average of $1.42. The stock has a market cap of $3.77 million, a PE ratio of -0.07 and a beta of 1.79. Peraso has a 1-year low of $1.15 and a 1-year high of $15.66. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.20 and a quick ratio of 0.74.

Peraso (NASDAQ:PRSO) last announced its earnings results on Monday, August 12th. The company reported ($1.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.64). Peraso had a negative net margin of 119.82% and a negative return on equity of 242.83%. The firm had revenue of $4.24 million during the quarter, compared to analysts’ expectations of $4.20 million. As a group, analysts forecast that Peraso will post -3.28 EPS for the current year.

Peraso Company Profile

Peraso Inc, a fabless semiconductor company, develops, markets, and sells semiconductor devices and modules. The company's products include millimeter wavelength (mmWave) ICs, including baseband IC, various mmWave radio frequency, integrated circuits, as well as associated antenna technology; and mmWave antenna modules.