Peraso (NASDAQ:PRSO) Cut to Sell at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of Peraso (NASDAQ:PRSO – Free Report) from a hold rating to a sell rating in a research note released on Saturday morning.

Several other analysts have also recently commented on PRSO. Benchmark restated a “buy” rating and issued a $3.00 target price on shares of Peraso in a research note on Friday, December 5th. LADENBURG THALM/SH SH raised shares of Peraso to a “strong-buy” rating in a report on Thursday, October 2nd. Zacks Research raised Peraso from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Peraso in a research note on Monday, December 8th. Finally, Williams Trading set a $3.00 price target on Peraso in a report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Peraso presently has an average rating of “Buy” and a consensus target price of $3.00.

Read Our Latest Stock Report on Peraso

Peraso Stock Down 7.7%

Shares of PRSO stock opened at $0.96 on Friday. The firm has a 50 day moving average of $1.22 and a two-hundred day moving average of $1.11. The stock has a market capitalization of $8.62 million, a PE ratio of -1.01 and a beta of 1.24. Peraso has a 52 week low of $0.52 and a 52 week high of $2.37.

Peraso (NASDAQ:PRSO – Get Free Report) last released its earnings results on Monday, November 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. The firm had revenue of $3.23 million during the quarter, compared to analyst estimates of $3.03 million. Peraso had a negative return on equity of 125.68% and a negative net margin of 39.00%. Analysts expect that Peraso will post -3.11 EPS for the current fiscal year.

Peraso Company Profile

(Get Free Report)

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.

See Also