Rosenblatt Securities Reiterates Buy Rating for Penguin Solutions (NASDAQ:PENG)

Penguin Solutions (NASDAQ:PENG)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a note issued to investors on Tuesday,Benzinga reports. They currently have a $30.00 target price on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 66.30% from the stock’s current price.

A number of other brokerages have also commented on PENG. Wall Street Zen lowered Penguin Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $26.00 price objective on shares of Penguin Solutions in a report on Wednesday, October 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Penguin Solutions in a research report on Thursday, January 22nd. Stifel Nicolaus increased their price target on Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Penguin Solutions in a research note on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Penguin Solutions Trading Down 0.9%

NASDAQ:PENG opened at $18.04 on Tuesday. The company has a market capitalization of $948.18 million, a P/E ratio of 78.43 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. Penguin Solutions has a 12 month low of $14.20 and a 12 month high of $29.80. The firm has a fifty day simple moving average of $20.18 and a 200-day simple moving average of $22.36.

Penguin Solutions (NASDAQ:PENG) last released its earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $343.07 million for the quarter, compared to the consensus estimate of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. On average, equities research analysts anticipate that Penguin Solutions will post 1.05 earnings per share for the current year.

Institutional Trading of Penguin Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP purchased a new stake in Penguin Solutions during the 3rd quarter worth approximately $60,264,000. CSM Advisors LLC purchased a new position in shares of Penguin Solutions in the second quarter valued at approximately $11,913,000. ArrowMark Colorado Holdings LLC acquired a new stake in shares of Penguin Solutions in the third quarter worth approximately $15,789,000. LSV Asset Management increased its position in shares of Penguin Solutions by 337.6% during the third quarter. LSV Asset Management now owns 569,368 shares of the company’s stock worth $14,963,000 after purchasing an additional 439,268 shares in the last quarter. Finally, Royal Bank of Canada purchased a new stake in shares of Penguin Solutions during the first quarter worth approximately $7,250,000.

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.