Shares of Penumbra, Inc. (NYSE:PEN – Get Free Report) have earned a consensus rating of “Hold” from the seventeen analysts that are currently covering the company, MarketBeat.com reports. Fourteen equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $367.07.
PEN has been the topic of several analyst reports. Zacks Research raised Penumbra from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Weiss Ratings raised Penumbra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 30th.
Check Out Our Latest Report on PEN
Institutional Trading of Penumbra
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEN. Teachers Retirement System of The State of Kentucky increased its stake in Penumbra by 6.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 12,311 shares of the company’s stock worth $3,919,000 after purchasing an additional 800 shares during the period. HighTower Advisors LLC grew its holdings in Penumbra by 10.4% during the 3rd quarter. HighTower Advisors LLC now owns 2,969 shares of the company’s stock worth $945,000 after acquiring an additional 280 shares in the last quarter. Alberta Investment Management Corp increased its holdings in shares of Penumbra by 35.8% in the 3rd quarter. Alberta Investment Management Corp now owns 44,973 shares of the company’s stock valued at $14,317,000 after acquiring an additional 11,853 shares during the period. Bessemer Group Inc. raised its position in shares of Penumbra by 37.8% in the 3rd quarter. Bessemer Group Inc. now owns 237 shares of the company’s stock worth $76,000 after acquiring an additional 65 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Penumbra by 4.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 14,127 shares of the company’s stock worth $4,497,000 after purchasing an additional 665 shares during the last quarter. 88.88% of the stock is owned by hedge funds and other institutional investors.
Penumbra Price Performance
PEN stock opened at $321.55 on Tuesday. Penumbra has a 52 week low of $262.94 and a 52 week high of $362.41. The firm has a market capitalization of $12.67 billion, a P/E ratio of 81.63, a price-to-earnings-growth ratio of 2.22 and a beta of 0.71. The company has a fifty day simple moving average of $320.29 and a two-hundred day simple moving average of $326.85. The company has a quick ratio of 3.92, a current ratio of 5.89 and a debt-to-equity ratio of 0.01.
Penumbra (NYSE:PEN – Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.13). Penumbra had a return on equity of 10.39% and a net margin of 10.06%. The business had revenue of $410.15 million during the quarter, compared to the consensus estimate of $401.41 million. During the same quarter last year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was up 15.6% on a year-over-year basis. Analysts anticipate that Penumbra will post 4.96 earnings per share for the current fiscal year.
About Penumbra
Penumbra, Inc is a medical technology company that develops and markets devices for treating vascular conditions. Its products are used in neurovascular procedures, including the treatment of ischemic stroke and aneurysms, and in peripheral vascular procedures involving conditions such as pulmonary embolism and deep vein thrombosis.
The company’s offerings include aspiration and mechanical thrombectomy systems, embolization coils, and related catheter-based devices. Penumbra was founded in 2004 and is headquartered in Alameda, California.
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