Rosenblatt Securities Reaffirms Buy Rating for Penguin Solutions (NASDAQ:PENG)

Penguin Solutions (NASDAQ:PENG)‘s stock had its “buy” rating reissued by research analysts at Rosenblatt Securities in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $30.00 target price on the stock. Rosenblatt Securities’ price target indicates a potential upside of 53.37% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Wall Street Zen upgraded Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Weiss Ratings upgraded shares of Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. JMP Securities reaffirmed a “market outperform” rating and issued a $26.00 price objective on shares of Penguin Solutions in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their target price on shares of Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Zacks Research downgraded shares of Penguin Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.00.

Penguin Solutions Trading Down 2.3%

NASDAQ:PENG opened at $19.56 on Wednesday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 67.45 and a beta of 2.23. Penguin Solutions has a 52 week low of $14.20 and a 52 week high of $29.80. The company has a quick ratio of 1.71, a current ratio of 2.25 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average of $20.55 and a 200 day moving average of $22.65.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings results on Tuesday, October 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Penguin Solutions had a net margin of 1.82% and a return on equity of 14.45%. 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. As a group, sell-side analysts anticipate that Penguin Solutions will post 1.05 earnings per share for the current fiscal year.

Institutional Trading of Penguin Solutions

Several institutional investors and hedge funds have recently bought and sold shares of PENG. Raymond James Financial Inc. acquired a new stake in shares of Penguin Solutions in the second quarter worth $37,000. Strs Ohio purchased a new stake in Penguin Solutions in the third quarter valued at $42,000. UMB Bank n.a. acquired a new stake in Penguin Solutions during the 2nd quarter worth about $44,000. Jones Financial Companies Lllp grew its position in Penguin Solutions by 4,131.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock worth $45,000 after purchasing an additional 1,694 shares during the period. Finally, Allworth Financial LP raised its stake in shares of 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 buying an additional 525 shares during the last quarter.

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.