Citizens Jmp Issues Positive Forecast for Penguin Solutions (NASDAQ:PENG) Stock Price

Penguin Solutions (NASDAQ:PENG) had its target price lifted by Citizens Jmp from $65.00 to $85.00 in a report released on Wednesday morning,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

PENG has been the subject of several other research reports. Zacks Research raised shares of Penguin Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Rosenblatt Securities boosted their target price on Penguin Solutions from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday. Wall Street Zen raised Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Citigroup restated an “outperform” rating on shares of Penguin Solutions in a report on Wednesday. Finally, Barclays downgraded Penguin Solutions from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $23.00 to $27.00 in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.25.

Penguin Solutions Trading Up 25.1%

Shares of Penguin Solutions stock opened at $78.47 on Wednesday. The company has a market capitalization of $3.98 billion, a P/E ratio of 55.65 and a beta of 2.83. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.55 and a current ratio of 2.10. The company has a fifty day moving average of $56.59 and a 200 day moving average of $33.09. Penguin Solutions has a fifty-two week low of $16.04 and a fifty-two week high of $80.00.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings results on Tuesday, July 7th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21. Penguin Solutions had a return on equity of 29.08% and a net margin of 6.44%.The business had revenue of $478.71 million for the quarter, compared to analysts’ expectations of $407.47 million. During the same period last year, the firm earned $0.52 earnings per share. On average, sell-side analysts anticipate that Penguin Solutions will post 1.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Sandeep Nayyar sold 7,107 shares of Penguin Solutions stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $43.48, for a total value of $309,012.36. Following the completion of the transaction, the director owned 25,417 shares in the company, valued at approximately $1,105,131.16. The trade was a 21.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Anne Kuykendall sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $64.38, for a total value of $257,520.00. Following the transaction, the senior vice president directly owned 120,794 shares in the company, valued at approximately $7,776,717.72. This represents a 3.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 70,574 shares of company stock valued at $3,203,822 over the last quarter. Company insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Penguin Solutions

Several large investors have recently added to or reduced their stakes in PENG. William Blair Investment Management LLC bought a new position in Penguin Solutions in the fourth quarter worth approximately $18,290,000. Fisher Asset Management LLC bought a new stake in Penguin Solutions during the 4th quarter valued at $716,000. State of Alaska Department of Revenue raised its position in Penguin Solutions by 98.3% during the 4th quarter. State of Alaska Department of Revenue now owns 47,576 shares of the company’s stock valued at $930,000 after purchasing an additional 23,582 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in Penguin Solutions by 31.9% in the third quarter. Kennedy Capital Management LLC now owns 992,168 shares of the company’s stock worth $26,074,000 after acquiring an additional 240,159 shares during the period. Finally, M&T Bank Corp lifted its stake in Penguin Solutions by 980.0% in the fourth quarter. M&T Bank Corp now owns 109,567 shares of the company’s stock worth $2,143,000 after acquiring an additional 99,422 shares during the period.

Key Penguin Solutions News

Here are the key news stories impacting Penguin Solutions this week:

• Positive Sentiment: Penguin Solutions posted record Q3 net sales of $478.7 million, up about 48% year over year, and EPS of $0.84 versus the $0.63 consensus estimate, signaling stronger-than-expected demand. Penguin Solutions Reports Q3 Fiscal 2026 Financial Results
• Positive Sentiment: The company raised its full-year outlook and indicated roughly 30% FY2027 net sales and EPS growth, reinforcing confidence that growth is accelerating rather than peaking. Penguin Solutions signals ~30% FY2027 net sales and EPS growth as it raises FY2026 EPS to ~$2.60
• Positive Sentiment: Analysts responded by lifting price targets, including JMP to $85 and Needham to $80, reflecting improved sentiment after the earnings release. These Analysts Boost Their Forecasts On Penguin Solutions After Upbeat Q3 Results
• Positive Sentiment: Coverage also highlighted strengthening AI infrastructure demand, new Nvidia-related positioning, and broader institutional interest, which could support further upside. Penguin Solutions (PENG) Wins Nvidia AI Status And Unveils New ClusterWareAI Tools
• Neutral Sentiment: Some commentary noted margin pressure from a lower gross margin, but expense control helped offset it and still drove operating margin expansion. Penguin Solutions: It Isn’t Too Late To Buy After Q3 Earnings

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.