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

Penguin Solutions, Inc. (NASDAQ:PENG) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $28.00.

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group started coverage on shares of Penguin Solutions in a research note on Tuesday, January 13th. They set a “buy” rating and a $25.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 target price on shares of Penguin Solutions in a report on Tuesday, February 3rd. Wall Street Zen lowered Penguin Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings downgraded shares of Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of Penguin Solutions in a research note on Tuesday, February 3rd.

Insider Activity

In related news, SVP Joseph Gates Clark sold 1,346 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $19.03, for a total value of $25,614.38. Following the completion of the sale, the senior vice president directly owned 122,318 shares of the company’s stock, valued at $2,327,711.54. The trade was a 1.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.90% of the stock is owned by company insiders.

Institutional Trading of Penguin Solutions

Several hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in shares of Penguin Solutions by 187.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock valued at $28,000 after buying an additional 946 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Penguin Solutions during the 4th quarter valued at about $29,000. Strs Ohio acquired a new position in Penguin Solutions during the 3rd quarter valued at about $42,000. Jones Financial Companies Lllp boosted its stake in Penguin Solutions by 4,131.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock valued at $45,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of 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 purchasing an additional 525 shares in the last quarter.

Penguin Solutions Stock Up 3.5%

Shares of PENG opened at $19.37 on Monday. The stock’s 50-day moving average price is $19.87 and its two-hundred day moving average price is $22.05. Penguin Solutions has a 12 month low of $14.20 and a 12 month high of $29.80. The company has a market capitalization of $1.02 billion, a PE ratio of 84.22 and a beta of 2.24. The company has a current ratio of 2.33, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10.

Penguin Solutions (NASDAQ:PENG) last issued its quarterly earnings data on Tuesday, January 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08. Penguin Solutions had a return on equity of 16.01% and a net margin of 1.82%.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. On average, analysts anticipate that Penguin Solutions will post 1.05 EPS for the current year.

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.