Penguin Solutions (NASDAQ:PENG) Stock Price Down 9.5% – Here’s Why

Penguin Solutions, Inc. (NASDAQ:PENG) was down 9.5% during mid-day trading on Tuesday . The company traded as low as $17.60 and last traded at $17.9160. Approximately 296,986 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 1,369,466 shares. The stock had previously closed at $19.80.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PENG. Rosenblatt Securities reiterated a “buy” rating and set a $30.00 price objective on shares of Penguin Solutions in a report on Tuesday. The Goldman Sachs Group began coverage on Penguin Solutions in a report on Tuesday, January 13th. They issued a “buy” rating and a $25.00 price objective on the stock. Wall Street Zen lowered Penguin Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. JMP Securities reiterated a “market outperform” rating and set a $26.00 price target on shares of Penguin Solutions in a research note on Wednesday, October 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of Penguin Solutions in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Penguin Solutions Trading Down 3.3%

The company has a market cap of $916.65 million, a price-to-earnings ratio of 75.83 and a beta of 2.23. The company has a quick ratio of 1.86, a current ratio of 2.33 and a debt-to-equity ratio of 1.10. The company’s fifty day moving average price is $20.18 and its two-hundred day moving average price is $22.36.

Penguin Solutions (NASDAQ:PENG) last issued its quarterly earnings data 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 during 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. Research analysts expect that Penguin Solutions, Inc. will post 1.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PENG. CWA Asset Management Group LLC boosted its stake in Penguin Solutions by 115.0% in the third quarter. CWA Asset Management Group LLC now owns 173,406 shares of the company’s stock valued at $4,557,000 after acquiring an additional 92,737 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Penguin Solutions in the 2nd quarter valued at $937,000. P.A.W. Capital Corp boosted its position in shares of Penguin Solutions by 4.4% in the 2nd quarter. P.A.W. Capital Corp now owns 470,000 shares of the company’s stock worth $9,311,000 after purchasing an additional 20,000 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Penguin Solutions in the 2nd quarter worth $370,000. Finally, Nordea Investment Management AB acquired a new stake in shares of Penguin Solutions during the second quarter worth $2,851,000.

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.