Brokerages Set Penguin Solutions, Inc. (NASDAQ:PENG) PT at $27.13

Penguin Solutions, Inc. (NASDAQ:PENG) has been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $27.1250.

A number of research firms recently weighed in on PENG. JMP Securities reissued a “market outperform” rating and issued a $26.00 target price on shares of Penguin Solutions in a report on Wednesday, July 9th. The Goldman Sachs Group raised their target price on shares of Penguin Solutions from $22.50 to $25.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Loop Capital raised their target price on shares of Penguin Solutions from $30.00 to $35.00 and gave the company a “buy” rating in a report on Monday, July 14th. JPMorgan Chase & Co. raised their target price on shares of Penguin Solutions from $21.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Finally, Wall Street Zen lowered shares of Penguin Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th.

Insiders Place Their Bets

In related news, EVP Jack A. Pacheco sold 63,447 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $24.83, for a total value of $1,575,389.01. Following the completion of the sale, the executive vice president directly owned 227,231 shares in the company, valued at $5,642,145.73. This trade represents a 21.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Penny Herscher sold 2,046 shares of the firm’s stock in a transaction 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 sale, the director owned 18,222 shares of the company’s stock, valued at approximately $463,203.24. This represents a 10.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,175 shares of company stock valued at $1,644,448. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Penguin Solutions

A number of institutional investors have recently bought and sold shares of PENG. Crews Bank & Trust bought a new stake in Penguin Solutions in the first quarter worth $28,000. Cambridge Investment Research Advisors Inc. bought a new stake in Penguin Solutions in the first quarter worth $188,000. Allspring Global Investments Holdings LLC bought a new stake in Penguin Solutions in the first quarter worth $779,000. Amalgamated Bank bought a new stake in Penguin Solutions in the first quarter worth $264,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Penguin Solutions during the first quarter worth $248,000.

Penguin Solutions Trading Down 0.5%

Shares of PENG opened at $27.53 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.62 and a quick ratio of 2.24. Penguin Solutions has a 1 year low of $14.20 and a 1 year high of $27.88. The company has a 50 day simple moving average of $24.55 and a two-hundred day simple moving average of $20.56. The firm has a market cap of $1.44 billion, a P/E ratio of -98.32 and a beta of 2.13.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings data on Tuesday, July 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.17. Penguin Solutions had a negative net margin of 0.68% and a positive return on equity of 13.27%. The business had revenue of $324.25 million during the quarter, compared to analyst estimates of $330.82 million. Penguin Solutions has set its FY 2025 guidance at 1.750-1.850 EPS. On average, equities analysts expect that Penguin Solutions will post 1.05 earnings per share for the current fiscal year.

Penguin Solutions Company Profile

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.