PENG (NASDAQ:PENG) Now Covered by Analysts at JMP Securities

JMP Securities began coverage on shares of PENG (NASDAQ:PENG) in a research note issued to investors on Monday, Marketbeat.com reports. The firm issued an outperform rating and a $23.00 price target on the stock.

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

PENG Stock Down 0.9 %

PENG opened at $16.95 on Monday. The company has a market cap of $903.27 million, a PE ratio of -16.95 and a beta of 1.70. 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 has a twelve month low of $14.87 and a twelve month high of $29.81.

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

Insider Activity

In other PENG news, insider Joseph Gates Clark sold 2,264 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $17.50, for a total value of $39,620.00. Following the completion of the sale, the insider now directly owns 95,999 shares of the company’s stock, valued at approximately $1,679,982.50. This represents a 2.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.

PENG Company Profile

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.