Peraso (NASDAQ:PRSO) Downgraded to Sell Rating by Wall Street Zen

Peraso (NASDAQ:PRSO) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other research firms have also weighed in on PRSO. Zacks Research upgraded shares of Peraso from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Benchmark reaffirmed a “buy” rating and issued a $3.00 price target on shares of Peraso in a research report on Friday, December 5th. Williams Trading set a $3.00 price objective on shares of Peraso in a research note on Friday, December 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Peraso in a research note on Monday. Finally, LADENBURG THALM/SH SH upgraded Peraso to a “strong-buy” rating in a report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $3.00.

Peraso Stock Down 6.3%

PRSO opened at $1.04 on Friday. The stock’s fifty day moving average is $1.22 and its two-hundred day moving average is $1.11. The company has a market capitalization of $9.34 million, a P/E ratio of -1.09 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) last issued its earnings results on Monday, November 10th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.10. The business had revenue of $3.23 million during the quarter, compared to analysts’ expectations of $3.03 million. Peraso had a negative return on equity of 125.68% and a negative net margin of 39.00%. Equities analysts anticipate that Peraso will post -3.11 earnings per share for the current year.

Peraso Company Profile

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.