Penguin Solutions, Inc. (NASDAQ:PENG) Receives $28.00 Consensus Target Price from Brokerages

Shares of Penguin Solutions, Inc. (NASDAQ:PENG) have been given an average recommendation of “Moderate Buy” by the ten research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $28.00.

PENG has been the topic of a number of analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price objective on shares of Penguin Solutions in a research note on Tuesday, October 14th. JMP Securities restated a “market outperform” rating and issued a $26.00 target price on shares of Penguin Solutions in a report on Wednesday, October 8th. Zacks Research downgraded shares of Penguin Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Wall Street Zen raised shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Finally, Weiss Ratings upgraded shares of Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th.

Institutional Investors Weigh In On Penguin Solutions

Several hedge funds have recently made changes to their positions in PENG. Allworth Financial LP increased its stake in Penguin Solutions by 41.4% in the third quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock valued at $47,000 after purchasing an additional 525 shares during the last quarter. Danske Bank A S purchased a new stake in Penguin Solutions in the 3rd quarter valued at about $582,000. Advisory Services Network LLC acquired a new position in shares of Penguin Solutions during the 3rd quarter valued at about $50,000. Hancock Whitney Corp purchased a new position in shares of Penguin Solutions during the 3rd quarter worth about $456,000. Finally, XTX Topco Ltd acquired a new stake in shares of Penguin Solutions in the third quarter worth approximately $2,359,000.

Penguin Solutions Trading Down 0.5%

Shares of PENG opened at $21.58 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.25 and a quick ratio of 1.71. The firm has a 50 day simple moving average of $21.92 and a 200-day simple moving average of $22.44. Penguin Solutions has a 1-year low of $14.20 and a 1-year high of $29.80. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 74.42 and a beta of 2.26.

Penguin Solutions (NASDAQ:PENG) last posted its earnings results on Tuesday, October 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $337.92 million for the quarter, compared to analyst estimates of $342.11 million. Penguin Solutions had a return on equity of 14.45% and a net margin of 1.82%.Penguin Solutions has set its FY 2026 guidance at 1.750-2.25 EPS. Equities analysts forecast that Penguin Solutions will post 1.05 EPS for the current fiscal year.

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.