Perficient Inc. (NASDAQ: PRFT) has seen a decline in its stock price by -0.04 in relation to its previous close of 73.73. However, the company has experienced a 0.16% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-05-07 that NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Perficient, Inc. (NasdaqGS: PRFT) to an affiliate of BPEA Private Equity Fund VIII. Under the terms of the proposed transaction, shareholders of Perficient will receive $76.00 in cash for each share of Perficient that they own. KSF is seeking to determine whether this consideration and the process that led to.
Is It Worth Investing in Perficient Inc. (NASDAQ: PRFT) Right Now?
Perficient Inc. (NASDAQ: PRFT) has a price-to-earnings ratio of 31.53x that is above its average ratio. Additionally, the 36-month beta value for PRFT is 1.65. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PRFT is 34.38M and currently, short sellers hold a 2.22% ratio of that float. The average trading volume of PRFT on May 23, 2024 was 648.30K shares.
PRFT’s Market Performance
The stock of Perficient Inc. (PRFT) has seen a 0.16% increase in the past week, with a 62.05% rise in the past month, and a 6.66% gain in the past quarter. The volatility ratio for the week is 0.30%, and the volatility levels for the past 30 days are at 1.91% for PRFT. The simple moving average for the last 20 days is 18.07% for PRFT stock, with a simple moving average of 19.64% for the last 200 days.
Analysts’ Opinion of PRFT
Many brokerage firms have already submitted their reports for PRFT stocks, with Alliance Global Partners repeating the rating for PRFT by listing it as a “Buy.” The predicted price for PRFT in the upcoming period, according to Alliance Global Partners is $67 based on the research report published on April 23, 2024 of the current year 2024.
Guggenheim, on the other hand, stated in their research note that they expect to see PRFT reach a price target of $65. The rating they have provided for PRFT stocks is “Neutral” according to the report published on March 19th, 2024.
Scotiabank gave a rating of “Sector Perform” to PRFT, setting the target price at $70 in the report published on July 28th of the previous year.
PRFT Trading at 29.06% from the 50-Day Moving Average
After a stumble in the market that brought PRFT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.97% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 0.30%, as shares surge +63.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.93% upper at present.
During the last 5 trading sessions, PRFT rose by +0.16%, which changed the moving average for the period of 200-days by +21.52% in comparison to the 20-day moving average, which settled at $63.85. In addition, Perficient Inc. saw 11.97% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PRFT starting from Hogan Thomas J., who sale 4,657 shares at the price of $69.10 back on Feb 22 ’24. After this action, Hogan Thomas J. now owns 188,647 shares of Perficient Inc., valued at $321,799 using the latest closing price.
MARTIN PAUL E, the Chief Financial Officer of Perficient Inc., sale 2,329 shares at $69.10 during a trade that took place back on Feb 22 ’24, which means that MARTIN PAUL E is holding 210,313 shares at $160,934 based on the most recent closing price.
Stock Fundamentals for PRFT
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.34 for the gross margin
The net margin for Perficient Inc. stands at 0.09. The total capital return value is set at 0.12. Equity return is now at value 16.87, with 8.10 for asset returns.
Based on Perficient Inc. (PRFT), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.73. The interest coverage ratio of the stock is 0.33.
Currently, EBITDA for the company is 161.51 million with net debt to EBITDA at 2.11. When we switch over and look at the enterprise to sales, we see a ratio of 3.24. The receivables turnover for the company is 5.18for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.18.
Conclusion
In conclusion, Perficient Inc. (PRFT) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
