Peraso (NASDAQ:PRSO) Rating Increased to Hold at Wall Street Zen

Peraso (NASDAQ:PRSO) was upgraded by analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

Several other brokerages have also recently issued reports on PRSO. Benchmark restated a “buy” rating and issued a $3.00 price target on shares of Peraso in a research report on Monday, June 23rd. Zacks Research upgraded shares of Peraso from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Peraso in a research report on Wednesday, October 8th. Finally, LADENBURG THALM/SH SH upgraded shares of Peraso to a “strong-buy” rating in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Peraso currently has a consensus rating of “Buy” and a consensus target price of $3.00.

Peraso Trading Down 24.1%

Shares of NASDAQ PRSO opened at $1.76 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.48 and a current ratio of 2.03. Peraso has a 52-week low of $0.52 and a 52-week high of $2.37. The firm has a 50 day moving average price of $1.16 and a two-hundred day moving average price of $1.02. The stock has a market cap of $13.44 million, a P/E ratio of -1.00 and a beta of 1.00.

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.