Penguin Solutions’ (PENG) “Buy” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Penguin Solutions (NASDAQ:PENG) in a research report released on Monday,Benzinga reports. The firm currently has a $30.00 target price on the stock.

PENG has been the subject of several other research reports. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of Penguin Solutions in a research report on Tuesday, February 3rd. Weiss Ratings downgraded shares of Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 11th. Wall Street Zen upgraded Penguin Solutions from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, The Goldman Sachs Group assumed 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. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Penguin Solutions Price Performance

Shares of NASDAQ PENG opened at $16.24 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.33 and a quick ratio of 1.86. The firm has a market capitalization of $853.57 million, a PE ratio of 70.61 and a beta of 2.18. Penguin Solutions has a 1-year low of $14.20 and a 1-year high of $29.80. The business’s fifty day moving average price is $18.85 and its two-hundred day moving average price is $20.85.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating 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. On average, research analysts expect that Penguin Solutions will post 1.05 EPS for the current year.

Insider Buying and Selling at Penguin Solutions

In other news, SVP Anne Kuykendall sold 4,000 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $17.75, for a total value of $71,000.00. Following the transaction, the senior vice president owned 131,352 shares in the company, valued at $2,331,498. This represents a 2.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Joseph Gates Clark sold 1,346 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $19.03, for a total transaction of $25,614.38. Following the completion of the sale, the senior vice president owned 122,318 shares of the company’s stock, valued at approximately $2,327,711.54. The trade was a 1.09% decrease in their position. The SEC filing for this sale provides additional information. 2.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Penguin Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in PENG. Farther Finance Advisors LLC raised its position in Penguin Solutions by 187.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock valued at $28,000 after acquiring an additional 946 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Penguin Solutions in the 4th quarter worth $29,000. Raymond James Financial Inc. acquired a new position in shares of Penguin Solutions during the 2nd quarter worth about $37,000. Strs Ohio bought a new position in Penguin Solutions in the 3rd quarter worth approximately $42,000. Finally, Jones Financial Companies Lllp raised 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.

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.