Penumbra - PEN Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Penumbra in the last twelve months. There are currently 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PEN shares.
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12 brokers have issued 12 month price targets for Penumbra's stock. Their PEN share price forecasts range from $185.00 to $300.00. On average, they predict the company's share price to reach $238.55 in the next year. This suggests that the stock has a possible downside of 2.5%.
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Penumbra's stock was trading at $222.46 at the beginning of 2023. Since then, PEN stock has increased by 9.9% and is now trading at $244.58.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
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Penumbra, Inc. (NYSE:PEN) announced its quarterly earnings results on Thursday, November, 3rd. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The company had revenue of $213.68 million for the quarter, compared to analyst estimates of $212.41 million. Penumbra had a negative net margin of 3.68% and a positive trailing twelve-month return on equity of 0.45%.

Penumbra issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $840.00 million-$845.00 million, compared to the consensus revenue estimate of $860.97 million.

57 employees have rated Penumbra Chief Executive Officer Adam Elsesser on Glassdoor.com. Adam Elsesser has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Penumbra investors own include NVIDIA (NVDA), Intuitive Surgical (ISRG), AbbVie (ABBV), Tesla (TSLA), Alibaba Group (BABA), Johnson & Johnson (JNJ), Netflix (NFLX), UnitedHealth Group (UNH), Boeing (BA) and DexCom (DXCM).

Penumbra trades on the New York Stock Exchange (NYSE) under the ticker symbol "PEN."

Penumbra's stock is owned by many different institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (3.32%), Allspring Global Investments Holdings LLC (0.44%), AEGON ASSET MANAGEMENT UK Plc (0.18%), Oak Harbor Wealth Partners LLC (0.09%), Yousif Capital Management LLC (0.05%) and Comerica Bank (0.04%). Insiders that own company stock include Adam Elsesser, Arani Bose, Bridget O'rourke, Don W Kassing, Harpreet Grewal, James Robert Pray, Johanna Roberts, Lynn Rothman, Sridhar Kosaraju, Surbhi Sarna and Thomas Wilder.
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Shares of PEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PEN stock can currently be purchased for approximately $244.58.

Penumbra (NYSE:PEN) has a market capitalization of $9.29 billion and generates $747.59 million in revenue each year. The company earns $5.28 million in net income (profit) each year or ($0.82) on an earnings per share basis.

The company employs 3,800 workers across the globe.

Penumbra's mailing address is One Penumbra Place, Alameda CA, 94502. The official website for the company is www.penumbrainc.com. The company can be reached via phone at (510) 748-3200, via email at investors@penumbrainc.com, or via fax at 510-748-3232.