Penguin Solutions (NASDAQ:PENG) Earns “Buy” Rating from Needham & Company LLC

Penguin Solutions (NASDAQ:PENG)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a research note issued to investors on Monday,Benzinga reports. They currently have a $25.00 price objective on the stock. Needham & Company LLC’s target price indicates a potential upside of 31.03% from the company’s current price.

Several other equities analysts have also recently issued reports on PENG. Wall Street Zen upgraded shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Weiss Ratings raised Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Penguin Solutions in a research note on Wednesday, January 7th. JMP Securities reissued a “market outperform” rating and set a $26.00 target price on shares of Penguin Solutions in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus raised their price target on shares of Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Penguin Solutions Price Performance

Shares of PENG opened at $19.08 on Monday. The company has a quick ratio of 1.86, a current ratio of 2.33 and a debt-to-equity ratio of 1.10. The stock has a market cap of $1.00 billion, a PE ratio of 82.96 and a beta of 2.23. Penguin Solutions has a 12-month low of $14.20 and a 12-month high of $29.80. The business has a 50-day simple moving average of $20.25 and a two-hundred day simple moving average of $22.70.

Penguin Solutions (NASDAQ:PENG) last released 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. The company had revenue of $343.07 million for the quarter, compared to analysts’ expectations of $345.08 million. Penguin Solutions had a return on equity of 16.01% and a net margin of 1.82%.Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. Analysts anticipate that Penguin Solutions will post 1.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Penguin Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of PENG. Dynamic Technology Lab Private Ltd bought a new stake in Penguin Solutions during the second quarter worth $937,000. P.A.W. Capital Corp boosted its holdings in Penguin Solutions by 4.4% during the 2nd quarter. P.A.W. Capital Corp now owns 470,000 shares of the company’s stock worth $9,311,000 after acquiring an additional 20,000 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Penguin Solutions in the 2nd quarter worth $370,000. Nordea Investment Management AB purchased a new stake in shares of Penguin Solutions in the second quarter valued at about $2,851,000. Finally, CWA Asset Management Group LLC lifted its position in shares of Penguin Solutions by 115.0% during the third quarter. CWA Asset Management Group LLC now owns 173,406 shares of the company’s stock valued at $4,557,000 after purchasing an additional 92,737 shares in the last quarter.

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.