PENG (NASDAQ:PENG) Now Covered by JMP Securities

JMP Securities began coverage on shares of PENG (NASDAQ:PENG) in a research report released on Monday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $23.00 price objective on the stock.

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

PENG Stock Up 2.2 %

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

PENG (NASDAQ:PENG) last released its quarterly earnings data on Tuesday, October 15th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.04). The company had revenue of $311.15 million for 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, analysts anticipate that PENG will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling

In other PENG news, insider Joseph Gates Clark sold 2,264 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $17.50, for a total transaction of $39,620.00. Following the transaction, the insider now directly owns 95,999 shares in the company, valued at $1,679,982.50. This trade represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is owned by corporate insiders.

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.