Penguin Solutions, Inc. (NASDAQ:PENG) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Penguin Solutions, Inc. (NASDAQ:PENG) have earned a consensus recommendation of “Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $27.1250.

Several equities analysts recently weighed in on PENG shares. Rosenblatt Securities reissued a “buy” rating and set a $27.00 price objective on shares of Penguin Solutions in a research report on Monday, August 11th. The Goldman Sachs Group upped their price target on Penguin Solutions from $22.50 to $25.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $26.00 price target on shares of Penguin Solutions in a report on Wednesday, July 9th. Needham & Company LLC upped their price target on Penguin Solutions from $27.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Finally, Loop Capital upped their price target on Penguin Solutions from $30.00 to $35.00 and gave the company a “buy” rating in a report on Monday, July 14th.

Penguin Solutions Price Performance

NASDAQ PENG opened at $24.35 on Monday. Penguin Solutions has a twelve month low of $14.20 and a twelve month high of $25.94. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.24 and a current ratio of 2.62. The stock has a market capitalization of $1.28 billion, a PE ratio of -86.96 and a beta of 2.02. The stock has a 50-day simple moving average of $22.77 and a 200 day simple moving average of $19.91.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings data on Tuesday, July 8th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.17. Penguin Solutions had a positive return on equity of 13.27% and a negative net margin of 0.68%.The business had revenue of $324,251 billion during the quarter, compared to analysts’ expectations of $330.82 million. Penguin Solutions has set its FY 2025 guidance at 1.750-1.850 EPS. Research analysts anticipate that Penguin Solutions will post 1.05 EPS for the current year.

Insider Activity at Penguin Solutions

In other Penguin Solutions news, Director Penny Herscher sold 2,046 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $25.42, for a total value of $52,009.32. Following the completion of the transaction, the director owned 18,222 shares of the company’s stock, valued at $463,203.24. This represents a 10.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jack A. Pacheco sold 63,447 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $24.83, for a total value of $1,575,389.01. Following the completion of the transaction, the executive vice president directly owned 227,231 shares of the company’s stock, valued at approximately $5,642,145.73. This trade represents a 21.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,175 shares of company stock valued at $1,644,448. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Penguin Solutions

Several large investors have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Penguin Solutions by 6.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,545 shares of the company’s stock valued at $268,000 after purchasing an additional 792 shares during the period. Inspire Investing LLC grew its stake in shares of Penguin Solutions by 3.6% in the 2nd quarter. Inspire Investing LLC now owns 24,293 shares of the company’s stock valued at $481,000 after purchasing an additional 835 shares during the period. Crews Bank & Trust bought a new stake in shares of Penguin Solutions in the 1st quarter valued at approximately $28,000. CWM LLC grew its position in Penguin Solutions by 82.1% during the 2nd quarter. CWM LLC now owns 4,111 shares of the company’s stock worth $81,000 after acquiring an additional 1,854 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in Penguin Solutions by 6.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 31,383 shares of the company’s stock worth $621,000 after acquiring an additional 1,855 shares during the last quarter.

About Penguin Solutions

Penguin Solutions, Inc engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.