Penguin Solutions (NASDAQ:PENG) Given Buy Rating at Rosenblatt Securities

Penguin Solutions (NASDAQ:PENG)‘s stock had its “buy” rating reiterated by Rosenblatt Securities in a research note issued on Tuesday,Benzinga reports. They presently have a $30.00 price objective on the stock. Rosenblatt Securities’ price target indicates a potential upside of 51.52% from the company’s current price.

Several other brokerages have also recently commented on PENG. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Penguin Solutions in a research report on Thursday, January 22nd. The Goldman Sachs Group started coverage on shares of Penguin Solutions in a research note on Tuesday, January 13th. They issued a “buy” rating and a $25.00 price objective for the company. Wall Street Zen lowered shares of Penguin Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of Penguin Solutions in a research note on Monday, January 12th. Finally, JMP Securities restated a “market outperform” rating and set a $26.00 price target on shares of Penguin Solutions in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Penguin Solutions Stock Up 3.1%

NASDAQ PENG opened at $19.80 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.33. The firm has a 50-day simple moving average of $20.24 and a 200 day simple moving average of $22.44. Penguin Solutions has a twelve month low of $14.20 and a twelve month high of $29.80. The stock has a market cap of $1.04 billion, a PE ratio of 86.09 and a beta of 2.24.

Penguin Solutions (NASDAQ:PENG) last posted 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. Penguin Solutions had a return on equity of 16.01% and a net margin of 1.82%.The firm had revenue of $343.07 million during the quarter, compared to analysts’ expectations 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.

Hedge Funds Weigh In On Penguin Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Penguin Solutions by 0.4% during the third quarter. Vanguard Group Inc. now owns 6,592,564 shares of the company’s stock worth $173,253,000 after buying an additional 25,804 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Penguin Solutions in the 3rd quarter worth approximately $60,264,000. American Century Companies Inc. grew its position in Penguin Solutions by 35.3% during the 3rd quarter. American Century Companies Inc. now owns 1,294,279 shares of the company’s stock worth $34,014,000 after acquiring an additional 337,564 shares during the last quarter. Paradigm Capital Management Inc. NY increased its holdings in Penguin Solutions by 2.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,153,100 shares of the company’s stock valued at $22,843,000 after purchasing an additional 27,900 shares in the last quarter. Finally, Barclays PLC increased its holdings in Penguin Solutions by 46.9% during the 3rd quarter. Barclays PLC now owns 1,055,189 shares of the company’s stock valued at $27,730,000 after purchasing an additional 336,644 shares in the last quarter.

Penguin Solutions Company Profile

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.