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

Penguin Solutions (NASDAQ:PENG) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other research analysts have also issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $26.00 target price on shares of Penguin Solutions in a research report on Wednesday, October 8th. Rosenblatt Securities reissued a “buy” rating and issued a $30.00 price target on shares of Penguin Solutions in a research note on Wednesday, January 7th. The Goldman Sachs Group started coverage on Penguin Solutions in a research note on Tuesday, January 13th. They issued a “buy” rating and a $25.00 price objective on the stock. Stifel Nicolaus upped their target price on Penguin Solutions from $27.00 to $31.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Weiss Ratings raised shares of Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Penguin Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Penguin Solutions Stock Down 0.2%

NASDAQ:PENG opened at $19.96 on Friday. Penguin Solutions has a one year low of $14.20 and a one year high of $29.80. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.33 and a quick ratio of 1.86. The company has a market cap of $1.05 billion, a PE ratio of 86.78 and a beta of 2.23. The firm’s 50 day simple moving average is $20.06 and its 200 day simple moving average is $22.69.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.08. The firm had revenue of $343.07 million during the quarter, compared to the consensus estimate of $345.08 million. Penguin Solutions had a net margin of 1.82% and a return on equity of 16.01%. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. On average, research analysts anticipate that Penguin Solutions will post 1.05 earnings per share for the current year.

Hedge Funds Weigh In On Penguin Solutions

A number of institutional investors and hedge funds have recently modified their holdings of PENG. Raymond James Financial Inc. bought a new stake in shares of Penguin Solutions in the 2nd quarter valued at $37,000. Strs Ohio bought a new position in Penguin Solutions during the third quarter worth $42,000. Jones Financial Companies Lllp grew its holdings in Penguin Solutions by 4,131.7% in the third quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock worth $45,000 after purchasing an additional 1,694 shares during the period. Allworth Financial LP increased its stake in Penguin Solutions by 41.4% in the third quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock valued at $47,000 after purchasing an additional 525 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in Penguin Solutions by 803.9% in the third quarter. Federated Hermes Inc. now owns 1,862 shares of the company’s stock valued at $49,000 after purchasing an additional 1,656 shares in the last quarter.

Penguin Solutions Company Profile

Penguin Solutions, Inc engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.