Penumbra (PEN) Stock Price, News & Analysis

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Penumbra in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PEN shares.
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9 brokerages have issued 1-year price objectives for Penumbra's shares. Their PEN share price targets range from $240.00 to $376.00. On average, they expect the company's share price to reach $304.45 in the next year. This suggests a possible upside of 44.9% from the stock's current price.
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Penumbra's stock was trading at $251.54 at the beginning of 2024. Since then, PEN shares have decreased by 16.5% and is now trading at $210.05.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Penumbra will be holding an earnings conference call on Tuesday, May 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Penumbra, Inc. (NYSE:PEN) released its quarterly earnings data on Thursday, February, 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.05. The business earned $284.68 million during the quarter, compared to analysts' expectations of $286.62 million. Penumbra had a net margin of 8.59% and a trailing twelve-month return on equity of 7.49%. The firm's revenue for the quarter was up 28.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS.

ETFs with the largest weight of Penumbra (NYSE:PEN) stock in their portfolio include Fidelity Disruptive Medicine ETF (FMED), Motley Fool Small-Cap Growth ETF (TMFS), First Trust Indxx Medical Devices ETF (MDEV), MFAM Small-Cap Growth ETF (MFMS), First Trust Health Care AlphaDEX Fund (FXH), SPDR S&P Health Care Equipment ETF (XHE), BlackRock Future Health ETF (BMED) and ROBO Global Healthcare Technology and Innovation ETF (HTEC).

Penumbra updated its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

57 employees have rated Penumbra Chief Executive Officer Adam Elsesser on Glassdoor.com. Adam Elsesser has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Penumbra investors own include NVIDIA (NVDA), Intuitive Surgical (ISRG), AbbVie (ABBV), Tesla (TSLA), Alibaba Group (BABA), Johnson & Johnson (JNJ), Netflix (NFLX), UnitedHealth Group (UNH), Boeing (BA) and DexCom (DXCM).

Penumbra's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (0.07%), Artemis Investment Management LLP (0.00%) and Mather Group LLC. (0.00%). Insiders that own company stock include Adam Elsesser, Arani Bose, Bridget O'rourke, Don W Kassing, Harpreet Grewal, James Robert Pray, Johanna Roberts, Surbhi Sarna and Thomas Wilder.
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Shares of PEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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