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

Penguin Solutions, Inc. (NASDAQ:PENG) has been assigned an average rating of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $28.00.

A number of brokerages recently commented on PENG. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Penguin Solutions in a report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Penguin Solutions from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings lowered shares of Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Penguin Solutions in a research report on Tuesday, February 3rd. Finally, The Goldman Sachs Group began coverage on shares of Penguin Solutions in a research note on Tuesday, January 13th. They issued a “buy” rating and a $25.00 target price on the stock.

Penguin Solutions Stock Performance

NASDAQ PENG opened at $19.37 on Monday. The company has a fifty day moving average price of $19.87 and a 200-day moving average price of $22.05. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 84.22 and a beta of 2.24. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.33 and a quick ratio of 1.86. Penguin Solutions has a 1 year low of $14.20 and a 1 year high of $29.80.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings data on Tuesday, January 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.41 by $0.08. Penguin Solutions had a net margin of 1.82% and a return on equity of 16.01%. The firm had revenue of $343.07 million during the quarter, compared to analyst estimates of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, equities research analysts predict that Penguin Solutions will post 1.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other Penguin Solutions news, SVP Joseph Gates Clark sold 1,346 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $19.03, for a total value of $25,614.38. Following the sale, the senior vice president directly owned 122,318 shares in the company, valued at $2,327,711.54. The trade was a 1.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Penguin Solutions

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in Penguin Solutions by 187.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock valued at $28,000 after acquiring an additional 946 shares during the period. Kestra Advisory Services LLC bought a new position in Penguin Solutions during the fourth quarter worth about $29,000. Strs Ohio bought a new position in Penguin Solutions during the third quarter worth about $42,000. Jones Financial Companies Lllp increased its stake in shares of Penguin Solutions by 4,131.7% in the third 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 in the last quarter. Finally, Allworth Financial LP raised its position in shares of Penguin Solutions by 41.4% in the third quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock valued at $47,000 after purchasing an additional 525 shares during the period.

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.