Penguin Solutions, Inc. (NASDAQ:PENG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Penguin Solutions, Inc. (NASDAQ:PENG) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $28.00.

PENG has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of Penguin Solutions in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Penguin Solutions in a research report on Thursday, January 22nd. Stifel Nicolaus lifted their target price 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. Rosenblatt Securities reissued a “buy” rating and set a $30.00 price objective on shares of Penguin Solutions in a research report on Wednesday, January 7th. Finally, JMP Securities reissued a “market outperform” rating and issued a $26.00 price target on shares of Penguin Solutions in a research note on Wednesday, October 8th.

Penguin Solutions Trading Down 0.2%

NASDAQ:PENG opened at $19.72 on Thursday. The stock has a fifty day simple moving average of $20.13 and a 200 day simple moving average of $22.56. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 85.74 and a beta of 2.23. Penguin Solutions has a 1-year low of $14.20 and a 1-year high of $29.80. The company has a quick ratio of 1.86, a current ratio of 2.33 and a debt-to-equity ratio of 1.10.

Penguin Solutions (NASDAQ:PENG) last announced its earnings results on Tuesday, January 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.41 by $0.08. The company had revenue of $343.07 million during the quarter, compared to analysts’ expectations 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. Sell-side analysts forecast that Penguin Solutions will post 1.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PENG. Dimensional Fund Advisors LP acquired a new stake in shares of Penguin Solutions in the 3rd quarter valued at $60,264,000. CSM Advisors LLC bought a new stake in shares of Penguin Solutions during the 2nd quarter worth about $11,913,000. ArrowMark Colorado Holdings LLC acquired a new position in shares of Penguin Solutions during the 3rd quarter valued at about $15,789,000. LSV Asset Management lifted its holdings in Penguin Solutions by 337.6% in the 3rd quarter. LSV Asset Management now owns 569,368 shares of the company’s stock worth $14,963,000 after purchasing an additional 439,268 shares during the last quarter. Finally, Royal Bank of Canada bought a new stake in Penguin Solutions during the first quarter worth approximately $7,250,000.

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.