Penumbra - PEN Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Penumbra in the last year. There are currently 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PEN shares.
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13 Wall Street research analysts have issued 1-year price targets for Penumbra's stock. Their PEN share price forecasts range from $185.00 to $303.00. On average, they predict the company's stock price to reach $265.42 in the next twelve months. This suggests that the stock has a possible downside of 3.4%.
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Penumbra's stock was trading at $222.46 at the beginning of 2023. Since then, PEN shares have increased by 23.5% and is now trading at $274.67.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Penumbra, Inc. (NYSE:PEN) announced its earnings results on Thursday, February, 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The business earned $221.22 million during the quarter, compared to analysts' expectations of $217.03 million. Penumbra had a positive trailing twelve-month return on equity of 0.66% and a negative net margin of 0.24%. The firm's quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share.

ETFs with the largest weight of Penumbra (NYSE:PEN) stock in their portfolio include Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), BlackRock Future Health ETF (BMED), ROBO Global Healthcare Technology and Innovation ETF (HTEC), Global X Founder-Run Companies ETF (BOSS), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), Alger Mid Cap 40 ETF (FRTY) and SPDR S&P Health Care Equipment ETF (XHE).

Penumbra issued an update on its FY 2023 earnings guidance on Thursday, February, 23rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.00B-, compared to the consensus revenue estimate of $1.00 billion.

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. (3.30%), William Blair Investment Management LLC (3.13%), Price T Rowe Associates Inc. MD (2.82%), Clearbridge Investments LLC (2.71%), Geode Capital Management LLC (1.31%) and Norges Bank (1.17%). Insiders that own company stock include Adam Elsesser, Arani Bose, Bridget O'rourke, Don W Kassing, 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 $274.67.

Penumbra (NYSE:PEN) has a market capitalization of $10.49 billion and generates $847.13 million in revenue each year. The company earns $-2,000,000.00 in net income (profit) each year or ($0.06) on an earnings per share basis.

The company employs 3,900 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.