Penguin Solutions, Inc. (NASDAQ:PENG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Penguin Solutions, Inc. (NASDAQ:PENG) have earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $28.00.

PENG has been the topic of a number of research reports. Weiss Ratings upgraded Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. JMP Securities reissued a “market outperform” rating and issued a $26.00 price target on shares of Penguin Solutions in a report on Wednesday, October 8th. Rosenblatt Securities restated a “buy” rating and issued a $30.00 price objective on shares of Penguin Solutions in a research note on Tuesday, October 14th. Stifel Nicolaus lifted their target price on shares of Penguin Solutions from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, Wall Street Zen raised shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 28th.

Penguin Solutions Stock Performance

NASDAQ:PENG opened at $20.29 on Friday. The firm’s 50-day moving average is $20.71 and its 200-day moving average is $22.67. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 69.97 and a beta of 2.26. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.71 and a current ratio of 2.25. Penguin Solutions has a 52-week low of $14.20 and a 52-week high of $29.80.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings results on Tuesday, October 7th. The company reported $0.43 EPS for the quarter, beating 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 firm had revenue of $337.92 million during the quarter, compared to analysts’ expectations of $342.11 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.25 EPS. Equities research analysts anticipate that Penguin Solutions will post 1.05 earnings per share for the current year.

Hedge Funds Weigh In On Penguin Solutions

Several hedge funds and other institutional investors have recently modified their holdings of PENG. Northern Trust Corp bought a new stake in Penguin Solutions in the first quarter valued at $10,837,000. MetLife Investment Management LLC bought a new position in shares of Penguin Solutions during the first quarter valued at $541,000. Corebridge Financial Inc. acquired a new stake in shares of Penguin Solutions in the 1st quarter valued at $473,000. Nomura Holdings Inc. bought a new stake in shares of Penguin Solutions in the 1st quarter worth about $4,208,000. Finally, Paradigm Capital Management Inc. NY acquired a new stake in shares of Penguin Solutions during the 1st quarter worth about $19,545,000.

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.