Penguin Solutions (NASDAQ:PENG) Upgraded at Zacks Research

Zacks Research upgraded shares of Penguin Solutions (NASDAQ:PENG) from a hold rating to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Needham & Company LLC lifted their price objective on shares of Penguin Solutions from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Stifel Nicolaus lowered their target price on shares of Penguin Solutions from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Wall Street Zen raised shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Rosenblatt Securities reissued a “buy” rating and set a $30.00 target price on shares of Penguin Solutions in a research note on Monday, March 30th. Finally, Weiss Ratings raised shares of Penguin Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Penguin Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $27.29.

Penguin Solutions Stock Up 3.3%

NASDAQ PENG opened at $22.85 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 2.10 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average of $18.92 and a two-hundred day moving average of $20.59. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 31.74 and a beta of 2.23. Penguin Solutions has a 52 week low of $15.40 and a 52 week high of $29.80.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. The company had revenue of $343.00 million during the quarter, compared to analyst estimates of $339.00 million. Penguin Solutions had a net margin of 4.07% and a return on equity of 19.94%. On average, analysts predict that Penguin Solutions will post 1.05 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Joseph Gates Clark sold 1,346 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were 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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Anne Kuykendall sold 4,000 shares of Penguin Solutions stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $17.75, for a total value of $71,000.00. Following the completion of the sale, the senior vice president owned 131,352 shares of the company’s stock, valued at $2,331,498. The trade was a 2.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.90% of the stock is currently owned by insiders.

Institutional Trading of Penguin Solutions

Several institutional investors and hedge funds have recently made changes to their positions in PENG. Dimensional Fund Advisors LP bought a new stake in shares of Penguin Solutions in the third quarter valued at about $60,264,000. Invesco Ltd. raised its holdings in shares of Penguin Solutions by 596.8% in the fourth quarter. Invesco Ltd. now owns 1,992,415 shares of the company’s stock valued at $38,972,000 after acquiring an additional 1,706,482 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Penguin Solutions in the fourth quarter valued at about $18,290,000. Ophir Asset Management Pty Ltd raised its holdings in shares of Penguin Solutions by 234.3% in the fourth quarter. Ophir Asset Management Pty Ltd now owns 1,211,612 shares of the company’s stock valued at $23,699,000 after acquiring an additional 849,178 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC bought a new stake in shares of Penguin Solutions in the third quarter valued at about $15,789,000.

More Penguin Solutions News

Here are the key news stories impacting Penguin Solutions this week:

• Positive Sentiment: Penguin issued FY‑2026 guidance of $2.00–$2.30 EPS vs. consensus ~1.79 and revenue guidance of $1.5–$1.6 billion, topping EPS expectations and implying stronger margin/profitability outlook — a primary driver for the rally.
• Positive Sentiment: Zacks Research upgraded PENG from “hold” to “strong‑buy”, adding buying interest from retail and some quant funds. Read More.
• Positive Sentiment: Goldman Sachs reaffirmed a “buy” on PENG, providing continued institutional support and helping validate the bullish thesis for investors. Read More.
• Positive Sentiment: Analyst estimate revisions and coverage pieces point to rising earnings expectations and a consensus price‑target upside (~30.9% mean upside cited), which supports momentum buying and analyst‑driven flows. Read More. & Read More.
• Positive Sentiment: PENG announced a strategic partnership with SORBA.ai to deliver fault‑tolerant, on‑prem industrial AI solutions — expands addressable market and strengthens enterprise product roadmap. Read More.
• Neutral Sentiment: Coverage pieces highlighting Q1 earnings call questions and momentum screens increase visibility and may attract short‑term traders, but they don’t materially change fundamentals. Read More.
• Neutral Sentiment: Articles pitching PENG as a “fast‑paced mover” or a bargain reflect momentum and valuation narratives—useful for sentiment but secondary to guidance and earnings execution. Read More.

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.