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

Shares of Penguin Solutions, Inc. (NASDAQ:PENG) have been given a consensus rating of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $28.00.

PENG has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of Penguin Solutions in a research note on Monday, January 12th. 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. The Goldman Sachs Group started coverage on shares of Penguin Solutions in a report on Tuesday, January 13th. They set a “buy” rating and a $25.00 target price for the company. Wall Street Zen downgraded shares of Penguin Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price objective on shares of Penguin Solutions in a research note on Wednesday, January 7th.

Institutional Investors Weigh In On Penguin Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP purchased a new position in Penguin Solutions during the third quarter worth approximately $60,264,000. CSM Advisors LLC acquired a new stake in shares of Penguin Solutions in the 2nd quarter worth $11,913,000. ArrowMark Colorado Holdings LLC purchased a new position in shares of Penguin Solutions during the 3rd quarter worth $15,789,000. LSV Asset Management boosted its position in shares of Penguin Solutions by 337.6% during the 3rd quarter. LSV Asset Management now owns 569,368 shares of the company’s stock valued at $14,963,000 after acquiring an additional 439,268 shares during the last quarter. Finally, Royal Bank of Canada acquired a new position in shares of Penguin Solutions during the 1st quarter valued at about $7,250,000.

Penguin Solutions Stock Up 2.6%

PENG stock opened at $20.24 on Thursday. The stock has a market capitalization of $1.06 billion, a P/E ratio of 88.00 and a beta of 2.23. The firm has a 50-day simple moving average of $19.97 and a 200-day simple moving average of $22.65. The company has a quick ratio of 1.86, a current ratio of 2.33 and a debt-to-equity ratio of 1.10. 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 data on Tuesday, January 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.08. Penguin Solutions had a return on equity of 16.01% and a net margin of 1.82%.The company had revenue of $343.07 million for the quarter, compared to analysts’ expectations of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. Equities analysts forecast that Penguin Solutions will post 1.05 earnings per share for the current fiscal year.

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.