Penguin Solutions (NASDAQ:PENG – Get Free Report)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a research note issued on Wednesday, Benzinga reports. They presently have a $100.00 price objective on the stock. Rosenblatt Securities‘s price target suggests a potential upside of 88.01% from the stock’s previous close.
A number of other equities research analysts have also commented on PENG. Deutsche Bank Aktiengesellschaft set a $100.00 price objective on shares of Penguin Solutions in a report on Friday, October 9th. Needham & Company LLC upped their target price on shares of Penguin Solutions from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Barclays increased their target price on Penguin Solutions from $40.00 to $60.00 and gave the stock an “underweight” rating in a report on Wednesday, October 7th. Citizens Jmp lifted their price target on Penguin Solutions from $65.00 to $85.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $85.00 price target on shares of Penguin Solutions in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.50.
Check Out Our Latest Analysis on Penguin Solutions
Penguin Solutions Stock Performance
Shares of PENG stock opened at $53.19 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.25 and a current ratio of 1.88. The company has a market capitalization of $3.20 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 0.56 and a beta of 2.87. The company’s 50 day moving average price is $56.15 and its two-hundred day moving average price is $44.18. Penguin Solutions has a 52 week low of $16.04 and a 52 week high of $89.86.
Penguin Solutions (NASDAQ:PENG – Get Free Report) last released its quarterly earnings results on Tuesday, October 6th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.23. The company had revenue of $566.68 million during the quarter, compared to analysts’ expectations of $520.99 million. Penguin Solutions had a net margin of 10.43% and a return on equity of 36.71%. During the same quarter in the prior year, the company earned $0.11 earnings per share. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. On average, analysts expect that Penguin Solutions will post 4.05 earnings per share for the current fiscal year.
Insider Transactions at Penguin Solutions
In other news, SVP Anthony George Frey sold 4,631 shares of Penguin Solutions stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $58.91, for a total value of $272,812.21. Following the sale, the senior vice president directly owned 77,853 shares in the company, valued at $4,586,320.23. This trade represents a 5.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Clark sold 869 shares of the business’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $51.52, for a total transaction of $44,770.88. Following the completion of the sale, the senior vice president directly owned 85,853 shares in the company, valued at approximately $4,423,146.56. This represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 10,238 shares of company stock valued at $560,552 in the last ninety days. 2.90% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Penguin Solutions
A number of large investors have recently modified their holdings of PENG. Maverick Capital Ltd. bought a new stake in Penguin Solutions during the first quarter worth about $771,000. California State Teachers Retirement System grew its stake in Penguin Solutions by 52.8% in the first quarter. California State Teachers Retirement System now owns 74,580 shares of the company’s stock valued at $1,313,000 after purchasing an additional 25,763 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Penguin Solutions during the 2nd quarter worth approximately $8,777,000. Pacer Advisors Inc. increased its position in shares of Penguin Solutions by 34.0% during the 1st quarter. Pacer Advisors Inc. now owns 261,776 shares of the company’s stock worth $4,607,000 after purchasing an additional 66,460 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Penguin Solutions by 241.3% during the 1st quarter. First Trust Advisors LP now owns 49,067 shares of the company’s stock worth $864,000 after purchasing an additional 34,691 shares in the last quarter.
Penguin Solutions Company Profile
Penguin Solutions, Inc provides technology products and services for data center, cloud, artificial intelligence, high-performance computing, edge computing and embedded applications. The company designs and delivers memory products, computing platforms and integrated infrastructure intended to help organizations manage demanding workloads and deploy specialized technology environments.
Its offerings include memory modules and other memory-related products, high-performance computing systems, servers, storage and networking solutions, and software and services for infrastructure management.
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