Penguin Solutions (NASDAQ:PENG) Upgraded by Wall Street Zen to “Buy” Rating

Penguin Solutions (NASDAQ:PENG) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also recently issued reports on PENG. Weiss Ratings cut Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, February 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 target price on shares of Penguin Solutions in a research report on Tuesday, February 3rd. The Goldman Sachs Group assumed coverage on shares of Penguin Solutions in a research report on Tuesday, January 13th. They set a “buy” rating and a $25.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of Penguin Solutions in a report on Tuesday, February 3rd. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Penguin Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Penguin Solutions Price Performance

NASDAQ PENG opened at $19.12 on Friday. Penguin Solutions has a 52 week low of $14.20 and a 52 week high of $29.80. The company has a current ratio of 2.33, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 83.13 and a beta of 2.23. The company has a 50-day moving average price of $19.61 and a two-hundred day moving average price of $21.92.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. Analysts forecast that Penguin Solutions will post 1.05 EPS for the current year.

Insider Activity at Penguin Solutions

In related news, SVP Joseph Gates Clark sold 1,346 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $19.03, for a total value of $25,614.38. Following the sale, the senior vice president directly owned 122,318 shares in the company, valued at $2,327,711.54. The trade was a 1.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PENG. Invesco Ltd. lifted its position in shares of Penguin Solutions by 596.8% during the 4th 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 during the last quarter. Twinbeech Capital LP raised its position in shares of Penguin Solutions by 324.5% during the fourth quarter. Twinbeech Capital LP now owns 43,200 shares of the company’s stock worth $845,000 after purchasing an additional 33,023 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Penguin Solutions during the fourth quarter valued at $1,017,000. Ophir Asset Management Pty Ltd lifted its holdings in shares of Penguin Solutions by 234.3% during 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 purchasing an additional 849,178 shares during the last quarter. Finally, Man Group plc boosted its position in shares of Penguin Solutions by 55.1% in the 4th quarter. Man Group plc now owns 27,952 shares of the company’s stock valued at $547,000 after purchasing an additional 9,933 shares during the period.

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.