Penguin Solutions (NASDAQ:PENG) Earns Buy Rating from Rosenblatt Securities

Penguin Solutions (NASDAQ:PENG)‘s stock had its “buy” rating reaffirmed by analysts at Rosenblatt Securities in a report issued on Monday,Benzinga reports. They presently have a $30.00 price objective on the stock. Rosenblatt Securities’ target price suggests a potential upside of 79.75% from the stock’s current price.

PENG has been the subject of a number of other reports. Wall Street Zen upgraded Penguin Solutions from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. The Goldman Sachs Group assumed 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. Weiss Ratings cut shares of Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of Penguin Solutions in a report on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Penguin Solutions Stock Performance

Penguin Solutions stock opened at $16.69 on Monday. The firm has a 50 day simple moving average of $18.92 and a 200-day simple moving average of $20.92. The stock has a market cap of $877.23 million, a price-to-earnings ratio of 72.57 and a beta of 2.19. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.33 and a quick ratio of 1.86. Penguin Solutions has a 1-year low of $14.20 and a 1-year high of $29.80.

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. On average, analysts expect that Penguin Solutions will post 1.05 EPS for the current year.

Insider Activity

In other Penguin Solutions news, SVP Joseph Gates Clark sold 1,346 shares of Penguin Solutions stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $19.03, for a total value of $25,614.38. Following the completion of the transaction, the senior vice president directly owned 122,318 shares of the company’s stock, valued at $2,327,711.54. The trade was a 1.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Anne Kuykendall sold 4,000 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $17.75, for a total transaction of $71,000.00. Following the sale, the senior vice president owned 131,352 shares in the company, valued at $2,331,498. This trade represents a 2.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Penguin Solutions

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its stake in shares of Penguin Solutions by 187.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock worth $28,000 after purchasing an additional 946 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Penguin Solutions in the fourth quarter valued at $29,000. Raymond James Financial Inc. purchased a new stake in Penguin Solutions during the 2nd quarter worth about $37,000. Strs Ohio acquired a new position in shares of Penguin Solutions during the 3rd quarter worth about $42,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Penguin Solutions by 4,131.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock valued at $45,000 after acquiring an additional 1,694 shares during 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.