Penguin Solutions, Inc. (NASDAQ:PENG) Receives $28.00 Consensus Target Price from Brokerages

Shares of Penguin Solutions, Inc. (NASDAQ:PENG) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $28.00.

A number of research firms have weighed in on PENG. Wall Street Zen raised shares of Penguin Solutions from a “hold” rating to a “buy” rating in a report on Friday, November 28th. JMP Securities restated a “market outperform” rating and issued a $26.00 price target on shares of Penguin Solutions in a research note on Wednesday, October 8th. Zacks Research cut Penguin Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Stifel Nicolaus raised their price objective on Penguin Solutions from $27.00 to $31.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Weiss Ratings upgraded Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th.

Penguin Solutions Trading Up 3.7%

Shares of NASDAQ:PENG opened at $20.28 on Friday. The company has a current ratio of 2.25, a quick ratio of 1.71 and a debt-to-equity ratio of 1.09. Penguin Solutions has a 12-month low of $14.20 and a 12-month high of $29.80. The business has a 50 day moving average of $20.51 and a two-hundred day moving average of $22.68. The company has a market capitalization of $1.07 billion, a PE ratio of 69.93 and a beta of 2.23.

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

Hedge Funds Weigh In On Penguin Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL increased its stake in shares of Penguin Solutions by 32.3% during the third quarter. Tudor Investment Corp ET AL now owns 314,721 shares of the company’s stock worth $8,271,000 after purchasing an additional 76,828 shares in the last quarter. Allworth Financial LP boosted its holdings in Penguin Solutions by 41.4% in the 3rd quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock worth $47,000 after buying an additional 525 shares during the last quarter. Danske Bank A S acquired a new stake in Penguin Solutions in the 3rd quarter worth about $582,000. Advisory Services Network LLC purchased a new stake in Penguin Solutions during the 3rd quarter worth approximately $50,000. Finally, Hancock Whitney Corp acquired a new position in shares of Penguin Solutions during the third quarter valued at approximately $456,000.

Penguin Solutions Company Profile

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.