Penumbra - PEN Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Penumbra in the last year. There are currently 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PEN shares.
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9 brokers have issued twelve-month target prices for Penumbra's stock. Their PEN share price forecasts range from $163.00 to $300.00. On average, they expect the company's stock price to reach $228.90 in the next year. This suggests a possible upside of 23.8% from the stock's current price.
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Penumbra's stock was trading at $287.32 on January 1st, 2022. Since then, PEN shares have decreased by 35.6% and is now trading at $184.94.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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Penumbra, Inc. (NYSE:PEN) posted its quarterly earnings data on Thursday, August, 4th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.08. The firm had revenue of $208.30 million for the quarter, compared to the consensus estimate of $206.24 million. Penumbra had a negative net margin of 2.40% and a positive trailing twelve-month return on equity of 0.97%. The company's revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS.

Penumbra updated its FY 2022 earnings guidance on Thursday, August, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $860.00 million-$875.00 million, compared to the consensus revenue estimate of $869.01 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 FMR LLC (14.92%), Baillie Gifford & Co. (3.38%), Price T Rowe Associates Inc. MD (3.25%), Clearbridge Investments LLC (2.69%), William Blair Investment Management LLC (2.58%) and State Street Corp (2.56%). Insiders that own company stock include Adam Elsesser, Arani Bose, Bridget O'rourke, Coyne David, 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 $184.94.

Penumbra (NYSE:PEN) has a market capitalization of $7.01 billion and generates $747.59 million in revenue each year. The company earns $5.28 million in net income (profit) each year or ($0.52) 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.