Penguin Solutions (NASDAQ:PENG) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Penguin Solutions (NASDAQ:PENG) in a research report report published on Monday morning,Benzinga reports. Needham & Company LLC currently has a $25.00 target price on the stock.

A number of other research firms have also commented on PENG. Stifel Nicolaus raised their price target on Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Wall Street Zen upgraded Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. JMP Securities reaffirmed a “market outperform” rating and set a $26.00 target price on shares of Penguin Solutions in a report on Wednesday, October 8th. Weiss Ratings raised shares of Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price objective on shares of Penguin Solutions in a research note on Wednesday, January 7th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.00.

Penguin Solutions Stock Performance

NASDAQ PENG opened at $19.39 on Monday. The firm has a market cap of $1.02 billion, a P/E ratio of 84.30 and a beta of 2.23. The company has a quick ratio of 1.86, a current ratio of 2.33 and a debt-to-equity ratio of 1.10. The company’s 50 day moving average is $20.19 and its 200-day moving average is $22.69. Penguin Solutions has a 12-month low of $14.20 and a 12-month high of $29.80.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings data on Tuesday, January 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.41 by $0.08. Penguin Solutions had a net margin of 1.82% and a return on equity of 16.01%. The company had revenue of $343.07 million during the quarter, compared to the consensus estimate of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. Sell-side analysts predict that Penguin Solutions will post 1.05 earnings per share for the current year.

Institutional Investors Weigh In On Penguin Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Penguin Solutions during the second quarter valued at approximately $37,000. Strs Ohio purchased a new stake in shares of Penguin Solutions during the 3rd quarter valued at $42,000. UMB Bank n.a. bought a new stake in shares of Penguin Solutions during the 2nd quarter worth $44,000. Jones Financial Companies Lllp grew its position in Penguin Solutions by 4,131.7% in the third quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock worth $45,000 after acquiring an additional 1,694 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Penguin Solutions by 41.4% in the third quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock valued at $47,000 after acquiring an additional 525 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.