Penguin Solutions (NASDAQ:PENG) Upgraded to Buy at Wall Street Zen

Penguin Solutions (NASDAQ:PENG) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other analysts also recently commented on PENG. Stifel Nicolaus boosted their target price 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. Weiss Ratings raised shares of Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. Zacks Research downgraded shares of Penguin Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Finally, Rosenblatt Securities restated a “buy” rating and set a $30.00 target price on shares of Penguin Solutions in a research report on Tuesday, October 14th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Penguin Solutions Trading Down 0.5%

Shares of Penguin Solutions stock opened at $20.21 on Friday. Penguin Solutions has a 12-month low of $14.20 and a 12-month high of $29.80. The company has a current ratio of 2.25, a quick ratio of 1.71 and a debt-to-equity ratio of 1.09. The stock has a market cap of $1.07 billion, a PE ratio of 69.67 and a beta of 2.20. The company has a 50-day moving average of $22.51 and a two-hundred day moving average of $22.37.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings results on Tuesday, October 7th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. Penguin Solutions had a return on equity of 14.45% and a net margin of 1.82%.The business had revenue of $337.92 million for the quarter, compared to analyst estimates of $342.11 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.25 EPS. On average, research analysts anticipate that Penguin Solutions will post 1.05 EPS for the current fiscal year.

Institutional Trading of Penguin Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. purchased a new position in Penguin Solutions in the 1st quarter valued at about $111,458,000. Dimensional Fund Advisors LP purchased a new stake in shares of Penguin Solutions during the third quarter worth about $60,264,000. Alliancebernstein L.P. acquired a new position in shares of Penguin Solutions in the first quarter valued at approximately $28,919,000. Paradigm Capital Management Inc. NY acquired a new position in shares of Penguin Solutions in the first quarter valued at approximately $19,545,000. Finally, Think Investments LP purchased a new position in shares of Penguin Solutions during the first quarter valued at approximately $15,713,000.

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.