Penguin Solutions, Inc. (NASDAQ:PENG) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Penguin Solutions has received a consensus recommendation of "Moderate Buy" from ten analysts, with two hold ratings, seven buy ratings, and one strong buy rating.
• The average twelve-month price target for Penguin Solutions shares is $27.1250, with recent price targets ranging as high as $35.00 from Loop Capital.
• The company reported earnings of $0.47 per share for the last quarter, exceeding analyst expectations, despite a slight revenue miss of $324.25 million against the consensus estimate.

Penguin Solutions, Inc. (NASDAQ:PENG - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $27.1250.

Several equities research analysts have recently commented on the stock. Needham & Company LLC boosted their price target on shares of Penguin Solutions from $27.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. The Goldman Sachs Group increased their price objective on Penguin Solutions from $22.50 to $25.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price objective on Penguin Solutions from $21.00 to $24.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Rosenblatt Securities reaffirmed a "buy" rating and set a $27.00 target price on shares of Penguin Solutions in a report on Monday, August 11th. Finally, Wall Street Zen downgraded Penguin Solutions from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th.

Penguin Solutions Trading Up 1.7%

NASDAQ PENG traded up $0.46 during trading hours on Friday, hitting $27.99. 233,523 shares of the company's stock were exchanged, compared to its average volume of 880,623. The stock has a 50-day simple moving average of $24.55 and a 200 day simple moving average of $20.56. Penguin Solutions has a 1-year low of $14.20 and a 1-year high of $28.04. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -99.94 and a beta of 2.13. The company has a current ratio of 2.62, a quick ratio of 2.24 and a debt-to-equity ratio of 1.08.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last released its quarterly earnings data on Tuesday, July 8th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.17. The company had revenue of $324.25 million during the quarter, compared to analyst estimates of $330.82 million. Penguin Solutions had a negative net margin of 0.68% and a positive return on equity of 13.27%. Penguin Solutions has set its FY 2025 guidance at 1.750-1.850 EPS. On average, equities analysts forecast that Penguin Solutions will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling at Penguin Solutions

In related news, EVP Jack A. Pacheco sold 63,447 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $24.83, for a total value of $1,575,389.01. Following the transaction, the executive vice president owned 227,231 shares in the company, valued at $5,642,145.73. The trade was a 21.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Penny Herscher sold 2,046 shares of Penguin Solutions stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $25.42, for a total value of $52,009.32. Following the sale, the director directly owned 18,222 shares in the company, valued at $463,203.24. This trade represents a 10.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,175 shares of company stock worth $1,644,448. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its stake in shares of Penguin Solutions by 20.8% in the 2nd quarter. Osaic Holdings Inc. now owns 3,583 shares of the company's stock valued at $71,000 after buying an additional 617 shares during the period. Public Sector Pension Investment Board raised its position in Penguin Solutions by 6.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 179,843 shares of the company's stock valued at $3,563,000 after purchasing an additional 10,874 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Penguin Solutions by 400.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,258 shares of the company's stock valued at $124,000 after buying an additional 5,008 shares during the last quarter. Tidal Investments LLC purchased a new position in Penguin Solutions during the second quarter worth $203,000. Finally, Paradigm Capital Management Inc. NY raised its holdings in shares of Penguin Solutions by 2.5% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,153,100 shares of the company's stock worth $22,843,000 after purchasing an additional 27,900 shares during the period.

Penguin Solutions Company Profile

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.