Penumbra - PEN Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Penumbra in the last twelve months. There are currently 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PEN shares.
View PEN analyst ratings or view top-rated stocks.

13 Wall Street research analysts have issued 12-month target prices for Penumbra's stock. Their PEN share price forecasts range from $185.00 to $285.00. On average, they predict the company's stock price to reach $245.25 in the next year. This suggests that the stock has a possible downside of 7.5%.
View analysts price targets for PEN or view top-rated stocks among Wall Street analysts.

Penumbra's stock was trading at $222.46 at the beginning of the year. Since then, PEN stock has increased by 19.2% and is now trading at $265.19.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our PEN earnings forecast.

Penumbra will be holding an earnings conference call on Thursday, February 23rd at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Penumbra, Inc. (NYSE:PEN) posted its quarterly earnings data on Monday, August, 9th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The company earned $184.26 million during the quarter, compared to analysts' expectations of $170.77 million. Penumbra had a negative net margin of 3.68% and a positive trailing twelve-month return on equity of 0.45%. The firm's revenue for the quarter was up 75.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.30) EPS.

Penumbra issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share 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%), New York State Common Retirement Fund (0.20%), AEGON ASSET MANAGEMENT UK Plc (0.18%), New York State Teachers Retirement System (0.09%) and Oak Harbor Wealth Partners LLC (0.09%). 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of PEN stock can currently be purchased for approximately $265.19.

Penumbra (NYSE:PEN) has a market capitalization of $10.07 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.