Penguin Solutions (NASDAQ:PENG) Receives “Buy” Rating from Needham & Company LLC

Penguin Solutions (NASDAQ:PENG)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a research report issued on Tuesday,Benzinga reports. They currently have a $25.00 price target on the stock. Needham & Company LLC’s target price points to a potential upside of 26.26% from the company’s previous close.

Several other equities research analysts also recently commented on PENG. Rosenblatt Securities restated a “buy” rating and set a $30.00 price objective on shares of Penguin Solutions in a report on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of Penguin Solutions in a research note on Thursday, January 22nd. JMP Securities restated a “market outperform” rating and set a $26.00 price objective on shares of Penguin Solutions in a report on Wednesday, October 8th. The Goldman Sachs Group initiated coverage on shares of Penguin Solutions in a report on Tuesday, January 13th. They set a “buy” rating and a $25.00 price objective for the company. Finally, Wall Street Zen lowered shares of Penguin Solutions from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Penguin Solutions Stock Performance

Shares of PENG stock opened at $19.80 on Tuesday. 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 has a 52 week low of $14.20 and a 52 week high of $29.80. The firm has a 50 day moving average of $20.24 and a 200-day moving average of $22.44. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 86.09 and a beta of 2.24.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings data on Tuesday, January 6th. The company reported $0.49 earnings per share 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, equities analysts forecast that Penguin Solutions will post 1.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its position in shares of Penguin Solutions by 187.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock valued at $28,000 after purchasing an additional 946 shares during the last quarter. Raymond James Financial Inc. bought a new position in Penguin Solutions during the second quarter valued at about $37,000. Strs Ohio bought a new position in Penguin Solutions during the third quarter valued at about $42,000. Jones Financial Companies Lllp increased its holdings in Penguin Solutions by 4,131.7% during the third quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock worth $45,000 after buying an additional 1,694 shares during the last quarter. Finally, Allworth Financial LP raised its position in Penguin Solutions by 41.4% in the third quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock worth $47,000 after acquiring an additional 525 shares during the period.

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.