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

Benchmark reissued their speculative buy rating on shares of Peraso (NASDAQ:PRSO) in a report published on Tuesday, Benzinga reports. Benchmark currently has a $4.00 price objective on the stock.

Separately, LADENBURG THALM/SH SH started coverage on shares of Peraso in a research report on Wednesday, June 12th. They set a buy rating and a $3.75 price target for the company.

Peraso Stock Down 1.4 %

NASDAQ:PRSO opened at $1.36 on Tuesday. The company has a market cap of $3.66 million, a price-to-earnings ratio of -0.06 and a beta of 1.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.74 and a current ratio of 1.20. The stock’s fifty day moving average price is $1.41 and its two-hundred day moving average price is $1.43. Peraso has a 52-week low of $1.15 and a 52-week high of $15.66.

Peraso (NASDAQ:PRSO) last posted its quarterly earnings results on Monday, August 12th. The company reported ($1.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.64). The firm had revenue of $4.24 million during the quarter, compared to the consensus estimate of $4.20 million. Peraso had a negative net margin of 119.82% and a negative return on equity of 242.83%. On average, analysts anticipate that Peraso will post -3.28 EPS for the current year.

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.