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Research analysts at Maxim Group began coverage on shares of Perficient (NASDAQ:PRFT) in a research report issued on Thursday, reports. The firm set a “buy” rating and a $22.00 price target on the stock. Maxim Group’s target price suggests a potential upside of 31.58% from the stock’s previous close.

Shares of Perficient (NASDAQ:PRFT) opened at 16.71 on Thursday. Perficient has a 1-year low of $15.64 and a 1-year high of $24.11. The stock’s 50-day moving average is $18.34 and its 200-day moving average is $18.6. The company has a market cap of $575.2 million and a P/E ratio of 24.80.

Perficient (NASDAQ:PRFT) last announced its earnings results on Thursday, July 31st. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $116.70 million for the quarter, compared to the consensus estimate of $112.54 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. On average, analysts predict that Perficient will post $1.31 earnings per share for the current fiscal year.

Perficient, Inc is an information technology consulting firm in the United States. The Company designs, builds and delivers technology solutions using third party software products.

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