Penguin Solutions, Inc. (NASDAQ:PENG) Receives $28.00 Average Price Target from Analysts

Shares of Penguin Solutions, Inc. (NASDAQ:PENG) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $28.00.

A number of research analysts recently issued reports on PENG shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Penguin Solutions in a report on Thursday. Stifel Nicolaus upped their price target on Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. JMP Securities reaffirmed a “market outperform” rating and set a $26.00 price target on shares of Penguin Solutions in a research note on Wednesday, October 8th. The Goldman Sachs Group started coverage on shares of Penguin Solutions in a report on Tuesday, January 13th. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Wall Street Zen cut shares of Penguin Solutions from a “buy” rating to a “hold” rating in a report on Saturday, January 17th.

Hedge Funds Weigh In On Penguin Solutions

A number of large investors have recently modified their holdings of PENG. Farther Finance Advisors LLC raised its stake in 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 during the period. Raymond James Financial Inc. acquired a new position in shares of Penguin Solutions during the 2nd quarter worth approximately $37,000. Strs Ohio acquired a new position in shares of Penguin Solutions during the 3rd quarter worth approximately $42,000. Jones Financial Companies Lllp raised its stake in Penguin Solutions by 4,131.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock valued at $45,000 after acquiring an additional 1,694 shares during the period. Finally, Allworth Financial LP lifted its holdings in Penguin Solutions by 41.4% during the 3rd quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock valued at $47,000 after purchasing an additional 525 shares during the last quarter.

Penguin Solutions Trading Down 3.5%

Shares of NASDAQ:PENG opened at $20.00 on Thursday. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 86.96 and a beta of 2.23. Penguin Solutions has a 12 month low of $14.20 and a 12 month high of $29.80. The company’s fifty day simple moving average is $20.03 and its 200 day simple moving average is $22.64. The company has a quick ratio of 1.86, a current ratio of 2.33 and a debt-to-equity ratio of 1.10.

Penguin Solutions (NASDAQ:PENG) last released its earnings results 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 firm had revenue of $343.07 million during the quarter, compared to analysts’ expectations of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, research analysts forecast 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.