Penguin Solutions (NASDAQ:PENG) Stock Rating Lowered by Wall Street Zen

by · The Markets Daily

Penguin Solutions (NASDAQ:PENG – Get Free Report) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday, Wall Street Zen reports.

PENG has been the topic of several other research reports. Bank of America started coverage on shares of Penguin Solutions in a research report on Friday, October 9th. They issued a “buy” rating and a $100.00 price objective on the stock. Zacks Research raised shares of Penguin Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. The Goldman Sachs Group restated a “buy” rating and set a $85.00 price target on shares of Penguin Solutions in a research note on Wednesday, October 7th. Citigroup restated an “outperform” rating on shares of Penguin Solutions in a research note on Wednesday, July 8th. Finally, Stifel Nicolaus lifted their price target on shares of Penguin Solutions from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $87.50.

View Our Latest Report on Penguin Solutions

Penguin Solutions Stock Performance

NASDAQ PENG opened at $54.92 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 1.37. The company has a fifty day simple moving average of $56.10 and a 200 day simple moving average of $43.11. Penguin Solutions has a 12-month low of $16.04 and a 12-month high of $89.86. The company has a market cap of $3.31 billion, a P/E ratio of 22.25, a PEG ratio of 0.63 and a beta of 2.86.

Penguin Solutions (NASDAQ:PENG – Get Free Report) last issued its quarterly earnings data on Tuesday, October 6th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.23. Penguin Solutions had a return on equity of 36.71% and a net margin of 10.43%. The firm had revenue of $566.68 million during the quarter, compared to analyst estimates of $520.99 million. During the same period in the previous year, the company posted $0.11 EPS. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. Sell-side analysts predict that Penguin Solutions will post 4.05 earnings per share for the current fiscal year.

Insider Activity

In other Penguin Solutions news, SVP Joseph Clark sold 869 shares of the stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $51.52, for a total transaction of $44,770.88. Following the transaction, the senior vice president directly owned 85,853 shares in the company, valued at $4,423,146.56. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anne Kuykendall sold 4,000 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $50.58, for a total transaction of $202,320.00. Following the transaction, the senior vice president directly owned 112,994 shares in the company, valued at approximately $5,715,236.52. This represents a 3.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,607 shares of company stock worth $287,740 over the last quarter. Corporate insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PENG. Global Retirement Partners LLC purchased a new stake in Penguin Solutions in the second quarter worth about $26,000. Allworth Financial LP purchased a new position in shares of Penguin Solutions during the 2nd quarter worth approximately $37,000. Nykredit A S purchased a new position in shares of Penguin Solutions during the 2nd quarter worth approximately $42,000. Polaris Financial Partners bought a new position in shares of Penguin Solutions in the 3rd quarter worth approximately $50,000. Finally, Signaturefd LLC raised its position in shares of Penguin Solutions by 25.3% in the 3rd quarter. Signaturefd LLC now owns 1,081 shares of the company’s stock worth $59,000 after acquiring an additional 218 shares in the last quarter.

About Penguin Solutions

(Get Free Report)

Penguin Solutions, Inc provides technology products and services for data center, cloud, artificial intelligence, high-performance computing, edge computing and embedded applications. The company designs and delivers memory products, computing platforms and integrated infrastructure intended to help organizations manage demanding workloads and deploy specialized technology environments.

Its offerings include memory modules and other memory-related products, high-performance computing systems, servers, storage and networking solutions, and software and services for infrastructure management.

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