Needham & Company LLC Reaffirms Buy Rating for Penguin Solutions (NASDAQ:PENG)

Penguin Solutions (NASDAQ:PENG)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a note issued to investors on Monday,Benzinga reports. They presently have a $25.00 target price on the stock. Needham & Company LLC’s price objective suggests a potential upside of 24.07% from the company’s current price.

Several other equities research analysts have also recently weighed in on PENG. JMP Securities reaffirmed a “market outperform” rating and set a $26.00 price objective on shares of Penguin Solutions in a research report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $30.00 target price on shares of Penguin Solutions in a report on Wednesday, January 7th. Wall Street Zen upgraded Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. 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. Finally, 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. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Penguin Solutions presently has an average rating of “Moderate Buy” and an average target price of $28.00.

Penguin Solutions Stock Up 3.9%

Shares of PENG stock opened at $20.15 on Monday. Penguin Solutions has a 1 year low of $14.20 and a 1 year high of $29.80. The firm has a market capitalization of $1.06 billion, a P/E ratio of 87.61 and a beta of 2.23. 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 firm’s fifty day moving average price is $20.16 and its two-hundred day moving average price is $22.69.

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

Institutional Investors Weigh In On Penguin Solutions

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