PENG (NASDAQ:PENG) Coverage Initiated at JMP Securities

JMP Securities assumed coverage on shares of PENG (NASDAQ:PENG) in a research report report published on Monday morning, MarketBeat reports. The firm issued an outperform rating and a $23.00 price target on the stock.

Other equities analysts have also issued reports about the company. Barclays dropped their price objective on PENG from $27.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Stifel Nicolaus decreased their target price on PENG from $32.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. The Goldman Sachs Group assumed coverage on PENG in a research report on Friday, November 1st. They set a “buy” rating and a $21.00 target price on the stock. Finally, Needham & Company LLC decreased their target price on PENG from $35.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $23.60.

PENG Trading Up 2.2 %

NASDAQ PENG opened at $16.78 on Monday. PENG has a fifty-two week low of $14.87 and a fifty-two week high of $29.81. The company has a current ratio of 2.65, a quick ratio of 2.19 and a debt-to-equity ratio of 1.65.

PENG (NASDAQ:PENG) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.04). The business had revenue of $311.15 million during the quarter, compared to the consensus estimate of $325.00 million. PENG had a positive return on equity of 8.05% and a negative net margin of 4.48%. On average, equities analysts forecast that PENG will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling at PENG

In other news, insider Joseph Gates Clark sold 2,264 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $17.50, for a total value of $39,620.00. Following the transaction, the insider now directly owns 95,999 shares of the company’s stock, valued at $1,679,982.50. The trade was a 2.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.

About PENG

SMART Global Holdings, Inc, a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced 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.