In a report released today, Allen Klee from Maxim Group reiterated a Buy rating on Perficient (PRFT), with a price target of $34. The company’s shares closed yesterday at $26.61.
Klee wrote:
“We project 4Q18 revenue of $128.8M vs. consensus of $128.4M, adjusted EBITDA of $21.2M vs. consensus of $20.3M, and adjusted EPS of $0.41 vs. consensus of $0.40.”
According to TipRanks.com, Klee is a 1-star analyst with an average return of -2.0% and a 50.9% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and Atlantic Tele-Network.
Perficient has an analyst consensus of Moderate Buy, with a price target consensus of $30.50, representing a 14.6% upside. In a report issued on February 1, Barrington also maintained a Buy rating on the stock with a $31 price target.
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Perficient’s market cap is currently $849.4M and has a P/E ratio of 38.24. The company has a Price to Book ratio of 2.39.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PRFT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 and 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.
