Penguin Solutions (NASDAQ:PENG) Stock Moved Up to Strong-Buy by Wall Street Zen

Wall Street Zen upgraded shares of Penguin Solutions (NASDAQ:PENG) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Several other research firms also recently commented on PENG. Weiss Ratings reissued a “hold (c)” rating on shares of Penguin Solutions in a report on Friday, October 2nd. Barclays increased their target price on Penguin Solutions from $40.00 to $60.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 7th. Zacks Research upgraded Penguin Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft set a $100.00 price target on Penguin Solutions in a report on Friday, October 9th. Finally, Rosenblatt Securities lifted their price target on Penguin Solutions from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Penguin Solutions has an average rating of “Moderate Buy” and a consensus target price of $87.50.

Penguin Solutions Price Performance

PENG stock opened at $57.10 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.25 and a current ratio of 1.88. The firm has a 50 day moving average price of $56.43 and a 200-day moving average price of $52.31. Penguin Solutions has a 52-week low of $16.04 and a 52-week high of $89.86. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 0.67 and a beta of 2.86.

Penguin Solutions (NASDAQ:PENG) last issued its quarterly earnings results on Tuesday, October 6th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.23. The firm had revenue of $566.68 million for the quarter, compared to analysts’ expectations of $520.99 million. Penguin Solutions had a return on equity of 36.71% and a net margin of 10.43%. During the same period in the previous year, the firm posted $0.11 EPS. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. Equities research analysts forecast that Penguin Solutions will post 4.05 EPS for the current fiscal year.

Insider Activity at Penguin Solutions

In related news, SVP Joseph Clark sold 1,327 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $57.47, for a total transaction of $76,262.69. Following the completion of the sale, the senior vice president owned 63,056 shares of the company’s stock, valued at $3,623,828.32. This trade represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anne Kuykendall sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $50.58, for a total transaction of $202,320.00. Following the completion of the transaction, the senior vice president owned 112,994 shares of the company’s stock, valued at approximately $5,715,236.52. The trade was a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Penguin Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new stake in Penguin Solutions during the 2nd quarter valued at $26,000. Allworth Financial LP bought a new stake in Penguin Solutions in the 2nd quarter worth about $37,000. Nykredit A S bought a new stake in Penguin Solutions in the 2nd quarter worth about $42,000. Polaris Financial Partners bought a new stake in Penguin Solutions in the 3rd quarter worth about $50,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Penguin Solutions in the 2nd quarter worth about $74,000.

Penguin Solutions Company Profile

Penguin Solutions, Inc provides intelligent infrastructure solutions for artificial intelligence, high-performance computing, enterprise data centers and other demanding technology environments. The company combines specialized hardware, software and professional services to help organizations design, deploy and manage complex computing infrastructure.

Its offerings include AI and high-performance computing systems, servers, storage and networking infrastructure, as well as software and services for infrastructure management, optimization and support.