Penguin Solutions, Inc. (NASDAQ:PENG) Stock Rated “Moderate Buy” by Sell-Side Analysts

Penguin Solutions, Inc. (NASDAQ:PENG) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $87.50.

Several analysts have recently weighed in on PENG shares. Rosenblatt Securities upped their price objective on Penguin Solutions from $80.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Citigroup reaffirmed an “outperform” rating on shares of Penguin Solutions in a report on Wednesday, July 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $85.00 price target on shares of Penguin Solutions in a research report on Wednesday, October 7th. Weiss Ratings raised shares of Penguin Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Finally, Needham & Company LLC boosted their target price on shares of Penguin Solutions from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th.

Insider Buying and Selling

In other news, SVP Joseph Clark sold 869 shares of the 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 owned 85,853 shares in the company, valued at approximately $4,423,146.56. This represents a 1.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anthony George Frey sold 4,631 shares of the stock in a transaction 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 owned 77,853 shares of the company’s stock, valued at $4,586,320.23. This trade represents a 5.61% 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. Over the last ninety days, insiders sold 10,238 shares of company stock worth $560,552. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Penguin Solutions

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Penguin Solutions during the second quarter valued at $581,658,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Penguin Solutions during the 2nd quarter worth about $150,192,000. Paradigm Capital Management Inc. NY purchased a new stake in shares of Penguin Solutions during the 2nd quarter worth about $52,135,000. William Blair Investment Management LLC acquired a new stake in shares of Penguin Solutions during the 2nd quarter valued at about $34,207,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Penguin Solutions during the 2nd quarter valued at about $22,503,000.

Penguin Solutions Trading Down 11.7%

Shares of NASDAQ:PENG opened at $51.93 on Friday. The company has a 50 day moving average of $56.20 and a 200-day moving average of $43.87. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 1.37. The firm has a market cap of $3.13 billion, a P/E ratio of 24.50, a P/E/G ratio of 0.69 and a beta of 2.86. Penguin Solutions has a twelve month low of $16.04 and a twelve month high of $89.86.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings data on Tuesday, October 6th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.23. Penguin Solutions had a net margin of 10.43% and a return on equity of 36.71%. The business had revenue of $566.68 million for the quarter, compared to analyst estimates of $520.99 million. During the same quarter last year, the business earned $0.11 earnings per share. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. As a group, analysts anticipate that Penguin Solutions will post 4.05 earnings per share for the current fiscal year.

About Penguin Solutions

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.