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

Shares of Penguin Solutions, Inc. (NASDAQ:PENG) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $28.00.

Several research firms recently weighed in on PENG. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of Penguin Solutions in a research report on Tuesday, February 3rd. The Goldman Sachs Group assumed coverage on Penguin Solutions in a research report on Tuesday, January 13th. They set a “buy” rating and a $25.00 price objective for the company. Wall Street Zen raised Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 target price on shares of Penguin Solutions in a report on Tuesday, February 3rd. Finally, Weiss Ratings lowered shares of Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 11th.

Insider Activity at Penguin Solutions

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

Institutional Trading of Penguin Solutions

A number of institutional investors have recently bought and sold shares of PENG. Royal Bank of Canada purchased a new position in Penguin Solutions in the first quarter valued at about $7,250,000. Amundi purchased a new stake in shares of Penguin Solutions during the 1st quarter worth about $373,000. AQR Capital Management LLC purchased a new stake in shares of Penguin Solutions during the 1st quarter worth about $1,076,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Penguin Solutions during the 1st quarter valued at about $538,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Penguin Solutions during the 1st quarter valued at about $3,259,000.

Penguin Solutions Trading Up 0.5%

Penguin Solutions stock opened at $17.62 on Friday. Penguin Solutions has a 52 week low of $14.20 and a 52 week high of $29.80. 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 market capitalization of $926.11 million, a price-to-earnings ratio of 76.61 and a beta of 2.19. The company has a 50 day moving average price of $19.24 and a 200 day moving average price of $21.31.

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