Peraso (NASDAQ:PRSO) Research Coverage Started at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH started coverage on shares of Peraso (NASDAQ:PRSO) in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $3.75 price objective on the stock.

Peraso Price Performance

Shares of PRSO stock opened at $1.49 on Wednesday. The company’s fifty day simple moving average is $1.37 and its two-hundred day simple moving average is $3.52. Peraso has a 1 year low of $1.17 and a 1 year high of $28.40. The stock has a market capitalization of $4.01 million, a price-to-earnings ratio of -0.07 and a beta of 1.76.

Peraso (NASDAQ:PRSO) last issued its earnings results on Monday, May 13th. The company reported ($1.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.02) by $0.55. Peraso had a negative net margin of 135.95% and a negative return on equity of 201.79%. The business had revenue of $2.82 million for the quarter, compared to analysts’ expectations of $2.60 million. Equities research analysts anticipate that Peraso will post -2.89 EPS for the current year.

Insider Transactions at Peraso

In other news, Director Ian Mcwalter purchased 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average price of $1.27 per share, with a total value of $127,000.00. Following the completion of the acquisition, the director now owns 101,246 shares in the company, valued at approximately $128,582.42. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.30% of the company’s stock.

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.