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

Penguin Solutions, Inc. (NASDAQ:PENG) has been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $28.00.

PENG has been the subject of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 price target on shares of Penguin Solutions in a research report on Tuesday, October 14th. Zacks Research downgraded Penguin Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Wall Street Zen raised Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Stifel Nicolaus upped their price target on Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Weiss Ratings raised shares of Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Saturday, October 25th.

Penguin Solutions Trading Up 2.9%

Shares of PENG stock opened at $20.74 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.25 and a quick ratio of 1.71. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 71.52 and a beta of 2.20. Penguin Solutions has a 1 year low of $14.20 and a 1 year high of $29.80. The firm has a fifty day moving average price of $22.22 and a 200-day moving average price of $22.43.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings data on Tuesday, October 7th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $337.92 million for the quarter, compared to analysts’ expectations of $342.11 million. Penguin Solutions had a return on equity of 14.45% and a net margin of 1.82%.Penguin Solutions has set its FY 2026 guidance at 1.750-2.25 EPS. As a group, equities analysts predict that Penguin Solutions will post 1.05 earnings per share for the current year.

Institutional Trading of Penguin Solutions

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Penguin Solutions during the 2nd quarter valued at approximately $37,000. Strs Ohio purchased a new stake in Penguin Solutions during the third quarter valued at $42,000. Virtus Advisers LLC purchased a new stake in Penguin Solutions during the first quarter valued at $43,000. UMB Bank n.a. purchased a new position in shares of Penguin Solutions in the 2nd quarter worth $44,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Penguin Solutions by 4,131.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock worth $45,000 after buying an additional 1,694 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.