Peraso (NASDAQ:PRSO) Price Target Raised to $3.25 at LADENBURG THALM/SH SH

Peraso (NASDAQ:PRSO) had its target price hoisted by analysts at LADENBURG THALM/SH SH from $2.75 to $3.25 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. LADENBURG THALM/SH SH’s price target would suggest a potential upside of 382.20% from the company’s previous close.

Several other research firms have also issued reports on PRSO. Weiss Ratings lowered Peraso from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 7th. Wall Street Zen upgraded Peraso from a “strong sell” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $3.08.

Peraso Price Performance

Peraso stock traded down $0.01 during mid-day trading on Monday, hitting $0.67. The company’s stock had a trading volume of 101,522 shares, compared to its average volume of 3,767,672. The stock has a market cap of $9.93 million, a price-to-earnings ratio of -0.99 and a beta of 1.04. The business has a 50 day moving average price of $0.79 and a 200-day moving average price of $0.95. Peraso has a 12 month low of $0.58 and a 12 month high of $2.37.

Peraso (NASDAQ:PRSO) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.03. Peraso had a negative return on equity of 223.38% and a negative net margin of 85.63%.The firm had revenue of $1.31 million for the quarter, compared to the consensus estimate of $1.25 million. On average, equities research analysts expect that Peraso will post -0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Peraso

A hedge fund recently raised its stake in Peraso stock. Geode Capital Management LLC boosted its stake in Peraso Inc. (NASDAQ:PRSO) by 71.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,697 shares of the company’s stock after acquiring an additional 29,095 shares during the period. Geode Capital Management LLC owned 0.78% of Peraso worth $61,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Peraso Company Profile

Peraso Technologies Inc is a Canadian semiconductor company specializing in the research, design and development of millimeter wave (mmWave) wireless communication solutions. The company’s core focus lies in the 60 GHz frequency band, where it engineers high-performance integrated circuits and beamforming solutions designed to deliver multi-gigabit wireless connectivity. Peraso’s technology is tailored for applications demanding high data throughput, low latency and reliable short-range wireless links.

The company’s product portfolio includes 60 GHz chipset solutions for wireless local area networking (WiGig), fixed wireless access (FWA), small-cell backhaul and point-to-point communication links.