PENG (NASDAQ:PENG) Insider Sells $39,620.00 in Stock

PENG (NASDAQ:PENG) insider Joseph Gates Clark sold 2,264 shares of PENG stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $17.50, for a total transaction of $39,620.00. Following the sale, the insider now owns 95,999 shares in the company, valued at $1,679,982.50. This represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

PENG Price Performance

Shares of PENG stock opened at $16.42 on Friday. PENG has a fifty-two week low of $14.87 and a fifty-two week high of $29.81. The firm has a market cap of $875.02 million, a price-to-earnings ratio of -16.42 and a beta of 1.70. 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 (NASDAQ:PENG) last released 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 firm had revenue of $311.15 million for the quarter, compared to analyst estimates of $325.00 million. PENG had a positive return on equity of 8.05% and a negative net margin of 4.48%. As a group, equities analysts expect that PENG will post 1.33 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays lowered their price objective on shares of PENG from $27.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. The Goldman Sachs Group started coverage on PENG in a report on Friday, November 1st. They set a “buy” rating and a $21.00 price target on the stock. Stifel Nicolaus reduced their price objective on PENG from $32.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Needham & Company LLC cut their price objective on shares of PENG from $35.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th.

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.