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

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

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and set a $30.00 price target on shares of Penguin Solutions in a report on Wednesday, January 7th. The Goldman Sachs Group began coverage on shares of Penguin Solutions in a research note on Tuesday, January 13th. They set a “buy” rating and a $25.00 target price for the company. Stifel Nicolaus boosted their price target on shares of Penguin Solutions from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Weiss Ratings upgraded shares of Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $26.00 target price on shares of Penguin Solutions in a report on Wednesday, October 8th.

Hedge Funds Weigh In On Penguin Solutions

Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Penguin Solutions in the 2nd quarter valued at about $37,000. Strs Ohio acquired a new position in shares of Penguin Solutions in the third quarter valued at approximately $42,000. Jones Financial Companies Lllp increased its stake in Penguin Solutions by 4,131.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock worth $45,000 after buying an additional 1,694 shares during the period. Allworth Financial LP lifted its holdings in Penguin Solutions by 41.4% during 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 in the last quarter. Finally, Federated Hermes Inc. boosted its position in Penguin Solutions by 803.9% in the 3rd quarter. Federated Hermes Inc. now owns 1,862 shares of the company’s stock valued at $49,000 after buying an additional 1,656 shares during the period.

Penguin Solutions Stock Performance

NASDAQ:PENG opened at $20.24 on Thursday. The company’s 50-day moving average is $19.97 and its two-hundred day moving average is $22.65. Penguin Solutions has a 1-year low of $14.20 and a 1-year high of $29.80. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.33 and a quick ratio of 1.86. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 88.00 and a beta of 2.23.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings results on Tuesday, January 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.41 by $0.08. The firm had revenue of $343.07 million for the quarter, compared to analyst estimates of $345.08 million. Penguin Solutions had a net margin of 1.82% and a return on equity of 16.01%. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. 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.