Needham & Company LLC Reaffirms “Buy” Rating for Penguin Solutions (NASDAQ:PENG)

Penguin Solutions (NASDAQ:PENG)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a research note issued to investors on Monday,Benzinga reports. They presently have a $25.00 target price on the stock. Needham & Company LLC’s price target would indicate a potential upside of 31.03% from the stock’s current price.

PENG has been the topic of a number of other reports. JMP Securities reiterated a “market outperform” rating and issued a $26.00 target price on shares of Penguin Solutions in a research note on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $30.00 price target on shares of Penguin Solutions in a report on Wednesday, January 7th. Wall Street Zen raised Penguin Solutions from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Stifel Nicolaus raised their target price on Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, Weiss Ratings raised 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Penguin Solutions Stock Performance

Shares of Penguin Solutions stock opened at $19.08 on Monday. The business’s fifty day simple moving average is $20.25 and its 200 day simple moving average is $22.70. The company has a current ratio of 2.33, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10. Penguin Solutions has a 12 month low of $14.20 and a 12 month high of $29.80. The firm has a market capitalization of $1.00 billion, a P/E ratio of 82.96 and a beta of 2.23.

Penguin Solutions (NASDAQ:PENG) last announced its 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 analyst estimates of $345.08 million. Penguin Solutions had a return on equity of 16.01% and a net margin of 1.82%.Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, analysts anticipate that Penguin Solutions will post 1.05 EPS for the current year.

Hedge Funds Weigh In On Penguin Solutions

Several hedge funds have recently made changes to their positions in PENG. Tudor Investment Corp ET AL raised its stake in shares of Penguin Solutions by 32.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 314,721 shares of the company’s stock valued at $8,271,000 after purchasing an additional 76,828 shares during the period. Allworth Financial LP increased its position in shares of Penguin Solutions by 41.4% during the third quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock valued at $47,000 after buying an additional 525 shares during the period. Danske Bank A S purchased a new stake in shares of Penguin Solutions in the third quarter worth about $582,000. Advisory Services Network LLC bought a new position in shares of Penguin Solutions in the third quarter valued at approximately $50,000. Finally, Hancock Whitney Corp purchased a new position in Penguin Solutions during the third quarter valued at approximately $456,000.

About Penguin Solutions

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.