Maxim Group analyst Allen Klee reiterated a Buy rating on Perficient (PRFT) today and set a price target of $40. The company’s shares opened today at $29.72, close to its 52-week high of $31.45.
Klee observed:
“Reported this morning, 1Q19 non-GAAP EPS of $0.43 topped our estimate and consensus of $0.39. Revenue of $133.8M beat our estimate of $131.0M and consensus of $131.8M.”
According to TipRanks.com, Klee has currently no stars on a ranking scale of 0-5 stars, with an average return of -15.2% and a 30.5% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and ATN International Inc.
Currently, the analyst consensus on Perficient is a Moderate Buy with an average price target of $35, a 17.8% upside from current levels. In a report issued on April 25, Barrington also maintained a Buy rating on the stock with a $33 price target.
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Based on Perficient’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $7.48 million. In comparison, last year the company had a net profit of $4.93 million.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock.
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Perficient, Inc. engages in the provision of business optimization and industry solutions. Its solutions include analytics, custom applications, management consulting, commerce, content management, business integration, customer relationship management, portals & collaboration, platform implementations, business process management, enterprise data and business intelligence, enterprise performance management, enterprise mobile, cloud services and digital marketing. The company was founded in 1998 and is headquartered in St. Louis, MO.
