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

Peraso (NASDAQ:PRSO)‘s stock had its “speculative buy” rating reiterated by analysts at Benchmark in a report released on Monday, Benzinga reports. They currently have a $4.00 target price on the stock. Benchmark’s target price indicates a potential upside of 187.79% from the stock’s current price.

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

Peraso Stock Up 1.5 %

Shares of NASDAQ:PRSO traded up $0.02 during trading on Monday, hitting $1.39. 23,367 shares of the company were exchanged, compared to its average volume of 487,936. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.20 and a quick ratio of 0.74. The firm’s 50 day moving average price is $1.39 and its 200-day moving average price is $1.41. The stock has a market capitalization of $3.74 million, a P/E ratio of -0.07 and a beta of 1.79. Peraso has a 12-month low of $1.15 and a 12-month high of $15.66.

Peraso (NASDAQ:PRSO) last issued its quarterly earnings data on Monday, August 12th. The company reported ($1.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.64). Peraso had a negative return on equity of 242.83% and a negative net margin of 119.82%. The firm had revenue of $4.24 million for the quarter, compared to analysts’ expectations of $4.20 million. On average, research analysts predict that Peraso will post -3.28 earnings per share for the current fiscal 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.