Penguin Solutions (NASDAQ:PENG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Penguin Solutions (NASDAQ:PENG) from a hold rating to a buy rating in a research report released on Saturday.

PENG has been the topic of a number of other reports. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of Penguin Solutions in a research report on Tuesday, February 3rd. Rosenblatt Securities restated a “buy” rating and set a $30.00 target price on shares of Penguin Solutions in a report on Tuesday, February 3rd. The Goldman Sachs Group assumed coverage on Penguin Solutions in a research report on Tuesday, January 13th. They issued a “buy” rating and a $25.00 price target for the company. Finally, Weiss Ratings downgraded Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $28.00.

Penguin Solutions Price Performance

Shares of Penguin Solutions stock opened at $19.25 on Friday. The stock has a market capitalization of $1.01 billion, a P/E ratio of 83.70 and a beta of 2.24. The business has a 50 day simple moving average of $19.59 and a two-hundred day simple moving average of $21.88. Penguin Solutions has a 12 month low of $14.20 and a 12 month high of $29.80. 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 (NASDAQ:PENG) last issued its quarterly 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 firm had revenue of $343.07 million during the quarter, compared to analysts’ expectations of $345.08 million. Penguin Solutions had a return on equity of 16.01% and a net margin of 1.82%.Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, analysts predict that Penguin Solutions will post 1.05 EPS for the current fiscal year.

Insider Activity

In other news, SVP Joseph Gates Clark sold 1,346 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $19.03, for a total value of $25,614.38. Following the transaction, the senior vice president directly owned 122,318 shares in the company, valued at approximately $2,327,711.54. This represents a 1.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Penguin Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP acquired a new position in Penguin Solutions during the 3rd quarter worth about $60,264,000. Invesco Ltd. increased its stake in Penguin Solutions by 596.8% during the fourth quarter. Invesco Ltd. now owns 1,992,415 shares of the company’s stock worth $38,972,000 after purchasing an additional 1,706,482 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Penguin Solutions during the fourth quarter worth about $18,290,000. Ophir Asset Management Pty Ltd boosted its stake in shares of Penguin Solutions by 234.3% in the fourth quarter. Ophir Asset Management Pty Ltd now owns 1,211,612 shares of the company’s stock valued at $23,699,000 after purchasing an additional 849,178 shares during the period. Finally, CSM Advisors LLC acquired a new position in shares of Penguin Solutions in the second quarter valued at approximately $11,913,000.

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.