Penguin Solutions, Inc. (NASDAQ:PENG) Receives $28.00 Average PT from Brokerages

Penguin Solutions, Inc. (NASDAQ:PENG) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $28.00.

A number of equities analysts have recently weighed in on PENG shares. The Goldman Sachs Group began coverage on Penguin Solutions in a report on Tuesday, January 13th. They issued a “buy” rating and a $25.00 target price on the stock. Wall Street Zen upgraded shares of Penguin Solutions from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. 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. Weiss Ratings lowered shares of Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Finally, 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.

Penguin Solutions Stock Performance

Shares of Penguin Solutions stock opened at $17.98 on Friday. Penguin Solutions has a 12 month low of $14.20 and a 12 month high of $29.80. The company has a quick ratio of 1.86, a current ratio of 2.33 and a debt-to-equity ratio of 1.10. The stock has a market cap of $945.03 million, a PE ratio of 78.17 and a beta of 2.18. The business has a fifty day simple moving average of $19.39 and a 200-day simple moving average of $21.41.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.08. The firm had revenue of $343.07 million for the quarter, compared to analyst estimates of $345.08 million. Penguin Solutions had a return on equity of 16.01% and a net margin of 1.82%.Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. On average, sell-side analysts anticipate that Penguin Solutions will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling at Penguin Solutions

In related news, SVP Joseph Gates Clark sold 1,346 shares of the stock in a transaction 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 directly owned 122,318 shares in the company, valued at approximately $2,327,711.54. This trade represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of Penguin Solutions by 187.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock worth $28,000 after purchasing an additional 946 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Penguin Solutions in the 4th quarter valued at approximately $29,000. Raymond James Financial Inc. bought a new stake in shares of Penguin Solutions in the 2nd quarter valued at approximately $37,000. Strs Ohio acquired a new position in Penguin Solutions in the third quarter worth approximately $42,000. Finally, Jones Financial Companies Lllp raised its position in Penguin Solutions by 4,131.7% during the third 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 in the last quarter.

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.