Wall Street Zen Downgrades Perfect (NYSE:PERF) to Hold

Perfect (NYSE:PERF) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Perfect in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Perfect currently has a consensus rating of “Sell”.

Perfect Stock Performance

Shares of PERF opened at $1.71 on Friday. The stock has a market capitalization of $144.60 million, a PE ratio of 34.11, a P/E/G ratio of 1.94 and a beta of 0.45. The company’s fifty day moving average is $1.75 and its 200 day moving average is $1.93. Perfect has a fifty-two week low of $1.51 and a fifty-two week high of $2.67.

Perfect (NYSE:PERF) last issued its earnings results on Tuesday, October 28th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $18.66 million during the quarter, compared to analyst estimates of $17.66 million. Perfect had a net margin of 8.48% and a return on equity of 3.55%.

Hedge Funds Weigh In On Perfect

Institutional investors and hedge funds have recently made changes to their positions in the stock. Heron Bay Capital Management acquired a new stake in shares of Perfect in the second quarter valued at about $27,000. BNP Paribas Financial Markets purchased a new stake in Perfect during the second quarter worth $30,000. Dimensional Fund Advisors LP grew its holdings in Perfect by 63.7% in the third quarter. Dimensional Fund Advisors LP now owns 40,477 shares of the company’s stock valued at $76,000 after purchasing an additional 15,754 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Perfect by 222.8% during the 3rd quarter. GSA Capital Partners LLP now owns 62,315 shares of the company’s stock worth $117,000 after buying an additional 43,013 shares during the last quarter.

About Perfect

Perfect Corp (NYSE: PERF) is a technology company specializing in beauty and personal care solutions. The company develops AI- and AR-driven platforms that enable virtual product try-on, personalized skincare analysis and digital marketing tools for cosmetics brands and retailers. Its software as a service (SaaS) offerings allow users to preview makeup and skincare products in real time, drive customer engagement across e-commerce and social media channels, and collect data-driven insights into consumer preferences.

The core products include virtual try-on applications, skin diagnostic tools and AI-powered recommendation engines.