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

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

PRSO has been the subject of several other research reports. Wall Street Zen upgraded Peraso from a “strong sell” rating to a “sell” rating in a research note on Saturday. Weiss Ratings downgraded shares of Peraso from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $3.08.

Peraso Stock Down 0.8%

PRSO traded down $0.01 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. Peraso has a 12 month low of $0.58 and a 12 month high of $2.37. The firm has a market cap of $9.93 million, a P/E ratio of -0.99 and a beta of 1.04. The company’s 50 day simple moving average is $0.79 and its 200-day simple moving average is $0.95.

Peraso (NASDAQ:PRSO) last issued its earnings results on Tuesday, August 11th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.03. Peraso had a negative net margin of 85.63% and a negative return on equity of 223.38%. The business had revenue of $1.31 million for the quarter, compared to analysts’ expectations of $1.25 million. Equities analysts predict that Peraso will post -0.66 earnings per share for the current fiscal year.

Institutional Trading of Peraso

An institutional investor recently raised its position in Peraso stock. Geode Capital Management LLC boosted its position in Peraso Inc. (NASDAQ:PRSO) by 71.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,697 shares of the company’s stock after buying an additional 29,095 shares during the quarter. Geode Capital Management LLC owned approximately 0.78% of Peraso worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 77.60% of the stock is owned by hedge funds and other institutional investors.

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.