Penguin Solutions, Inc. (NASDAQ:PENG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Penguin Solutions, Inc. (NASDAQ:PENG) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $28.00.

A number of brokerages recently weighed in on PENG. JMP Securities restated a “market outperform” rating and issued a $26.00 price objective on shares of Penguin Solutions in a report on Wednesday, October 8th. Weiss Ratings raised Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. Zacks Research downgraded Penguin Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Wall Street Zen raised Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price target on shares of Penguin Solutions in a report on Tuesday, October 14th.

Hedge Funds Weigh In On Penguin Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Penguin Solutions by 0.4% in the third quarter. Vanguard Group Inc. now owns 6,592,564 shares of the company’s stock worth $173,253,000 after acquiring an additional 25,804 shares during the period. Dimensional Fund Advisors LP purchased a new position in Penguin Solutions in the third quarter worth about $60,264,000. Alliancebernstein L.P. bought a new stake in shares of Penguin Solutions during the 1st quarter valued at about $28,919,000. American Century Companies Inc. grew its stake in shares of Penguin Solutions by 35.3% during the 3rd quarter. American Century Companies Inc. now owns 1,294,279 shares of the company’s stock valued at $34,014,000 after purchasing an additional 337,564 shares during the period. Finally, Paradigm Capital Management Inc. NY increased its position in shares of Penguin Solutions by 2.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,153,100 shares of the company’s stock valued at $22,843,000 after purchasing an additional 27,900 shares during the last quarter.

Penguin Solutions Price Performance

Shares of NASDAQ:PENG opened at $20.74 on Wednesday. Penguin Solutions has a 1-year low of $14.20 and a 1-year high of $29.80. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.25 and a quick ratio of 1.71. The business has a fifty day moving average price of $22.22 and a 200-day moving average price of $22.43. The company has a market capitalization of $1.10 billion, a PE ratio of 71.52 and a beta of 2.20.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings results on Tuesday, October 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $337.92 million for the quarter, compared to analysts’ expectations of $342.11 million. Penguin Solutions had a net margin of 1.82% and a return on equity of 14.45%. Penguin Solutions has set its FY 2026 guidance at 1.750-2.25 EPS. As a group, equities analysts expect that Penguin Solutions will post 1.05 EPS 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.