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

Benchmark reaffirmed their speculative buy rating on shares of Peraso (NASDAQ:PRSO) in a report published on Wednesday morning, Marketbeat.com reports. They currently have a $4.00 target price on the stock.

Separately, LADENBURG THALM/SH SH began coverage on Peraso in a report on Wednesday, June 12th. They set a buy rating and a $3.75 target price on the stock.

Peraso Stock Performance

Shares of PRSO stock opened at $1.49 on Wednesday. Peraso has a fifty-two week low of $1.17 and a fifty-two week high of $17.92. The stock’s fifty day moving average is $1.40 and its two-hundred day moving average is $2.26.

Peraso (NASDAQ:PRSO) last issued its earnings results on Monday, May 13th. The company reported ($1.47) EPS for the quarter, beating analysts’ consensus estimates of ($2.02) by $0.55. The business had revenue of $2.82 million during the quarter, compared to analysts’ expectations of $2.60 million. Peraso had a negative net margin of 135.95% and a negative return on equity of 201.79%. On average, equities analysts predict that Peraso will post -2.81 earnings per share for the current year.

Insider Activity

In other news, Director Ian Mcwalter acquired 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was purchased at an average cost of $1.27 per share, for a total transaction of $127,000.00. Following the completion of the transaction, the director now owns 101,246 shares in the company, valued at $128,582.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.30% of the company’s stock.

About Peraso

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.