Penguin Solutions, Inc. (NASDAQ:PENG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Penguin Solutions, Inc. (NASDAQ:PENG) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $28.00.

Several research firms recently commented on PENG. The Goldman Sachs Group initiated coverage on Penguin Solutions in a research note on Tuesday, January 13th. They set a “buy” rating and a $25.00 target price for the company. Rosenblatt Securities restated a “buy” rating and issued a $30.00 target price on shares of Penguin Solutions in a research note on Tuesday, February 3rd. Weiss Ratings raised Penguin Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Wall Street Zen upgraded Penguin Solutions from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Penguin Solutions in a report on Tuesday, February 3rd.

Insider Activity

In other news, SVP Joseph Gates Clark sold 1,346 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $19.03, for a total transaction of $25,614.38. Following the completion of the sale, the senior vice president directly owned 122,318 shares of the company’s stock, valued at $2,327,711.54. The trade was a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Penguin Solutions

Large investors have recently bought and sold shares of the stock. Allworth Financial LP grew its stake in shares of 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 acquiring an additional 525 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Penguin Solutions by 20.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,583 shares of the company’s stock worth $71,000 after buying an additional 617 shares in the last quarter. Covestor Ltd boosted its stake in shares of Penguin Solutions by 4.7% in the 4th quarter. Covestor Ltd now owns 15,535 shares of the company’s stock worth $304,000 after buying an additional 695 shares during the last quarter. M&T Bank Corp increased its position in shares of Penguin Solutions by 7.0% during the fourth quarter. M&T Bank Corp now owns 10,851 shares of the company’s stock valued at $212,000 after acquiring an additional 706 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Penguin Solutions by 6.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,545 shares of the company’s stock valued at $268,000 after buying an additional 792 shares during the period.

Penguin Solutions Stock Up 1.6%

PENG stock opened at $19.12 on Monday. The firm has a market cap of $1.00 billion, a PE ratio of 83.13 and a beta of 2.24. The firm’s fifty day moving average is $19.61 and its 200 day moving average is $21.91. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.33. Penguin Solutions has a one year low of $14.20 and a one year high of $29.80.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.08. Penguin Solutions had a net margin of 1.82% and a return on equity of 16.01%. 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, research analysts forecast that Penguin Solutions will post 1.05 EPS for the current year.

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.