On Jan. 04, Wilder Thomas divested U.S. $20,047 in shares of Penumbra Inc.. The Dir sold 115 shares at a price per share of $174.32. The transaction decreased this specific insider’s holdings to 3,793 shares worth around $0.72 million at present.
Another 633 shares were sold by Grewal Harpreet, for more than $110,345 in total proceeds. The Dir dumped the shares at a price of $174.32 and the insider now owns almost 12,195 shares.
That same day, Pray James Robert sold 5,000 shares. The Pres, International divested U.S. $872,743 in shares of Penumbra Inc. at a price per share of $174.55. The transaction decreased this specific insider’s holdings to 430,009 shares worth around $81577007.39 at present.
BTIG Research took its Penumbra Inc. [PEN] rating to the equivalent of a Neutral from a Buy, in a research note dated December 16, 2020. Other analysts also revised their coverage, with BTIG Research’s analysts downgrading the shares from “a Buy” rating to “a Neutral” rating in a research note to investors issued in mid December. In addition, there was a new coverage from BTIG Research on September 29, 2020. The research firm rated PEN “a Buy”.
Is Penumbra Inc. [NYSE:PEN] a Good Buy Right Now?
It should be noted that PEN technical indicators for short, intermediate as well as long term progress have placed an overall average of 24% as Sell. The average signal changed from 40% Sell in the last week and compares with 40% Buy in the past month. Data from Penumbra Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 1.19 million shares in the past 20 days and the short term average signal indicates a 50% Sell. In the last 50 days, the average trading volume was 0.86 million shares while the medium term average advocated for 50% Buy. The average long-term signal stands at 50% Sell and the 100-day average volume stands at 0.62 million shares.
PEN Price Performance
On Wall Street, Penumbra Inc. [NYSE:PEN] finished Wednesday’s session up 2.95% at $189.71. The stock went up to $190.28 at the same session while its lowest single day price was $182.39. In the last five days, it saw a rise of about 7.93%, Penumbra Inc. shares gained by almost 8.41% since the beginning of the year. However, the share price has dropped to as low as -31.51% below its one year high. On 01/06/21, the company shares recorded $190.28, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $171.56. The company’s shares have inclined by 19.56% in the past year. The 50-day SMA achieved is $220.54 while the 200-day SMA is $199.48. Volume dropped to 0.72 million from 0.84 million in the previous session.
Penumbra Inc. [PEN] Valuation Measures
Notably, Penumbra Inc. [PEN] stock can be helpful for investors to consider historical price-sales ratio, more specifically, a 12.93 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 5.26.
PEN Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 184.64 level, and in case of violation of this particular level, it will cause more drop to 179.57 level. On the upper level, 195.35 is still the key resistance. The stock may increase to the subsequent resistance at 192.53. The Relative Strength Index (RSI) pinned on the 14-day chart is 46.20, implying a neutral technical stance while the MACD stands at 1.34, meaning price will increase in the next trading period. Percent R indicator moved to 19.78%, implying bullish price movement. Stochastic %K at 60.29% suggest holding the stock.
What is the short interest in Penumbra Inc.?
Short interest in the Penumbra Inc. stock has plunged, decreasing by -0.99 million shares to total 5.58 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 4.59 million, data from Yahoo Finance shows. The increase of 17.74% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 19.48% of the overall float for the stock.
Penumbra Inc.’s Biggest Shareholders: Who Owns Penumbra Inc. [PEN]?
Filings by Fidelity Management & Research Co showed that the firm now holds a total of 5,267,907 shares or roughly 14.51% of the outstanding PEN shares. This means their shares have increased by 17,881 from the 5,267,907 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $652,354,046. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -0.66% stake valued at $644,730,228. During the last quarter, BlackRock Fund Advisors liquidated -19,196 of its shares in Penumbra Inc. while Capital Research & Management Co bought 1,572,825 shares. The William Blair Investment Manageme’s holdings currently number 1,238,671 shares at $234988275.41. According to the firm’s last 13F report, ClearBridge Investments LLC shares in the company at filing stood at 1,104,219 shares, roughly $245,026,196.
PEN Earnings Forecast For The Current Quarter
Penumbra Inc. [PEN] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $135.25M and an earnings per share of -$0.21 for Dec 2020. Looking further ahead, the company is expected to report revenue of $145.73M at an EPS of $0.08 for Mar 2021. The estimates represent downside of 20.30% and 255.80% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
PEN Earnings Estimates For The Current Year
For the financial year, Penumbra Inc. [NYSE:PEN] is expected to bring in revenue of $531.88M. The returns are nearly $-15.52 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.43, lower than that of FY19 by -$1.41. Estimates put this year’s earnings growth at -143.90%, 255.80% for the next, and at an annual 26.80% over the next 5-year period. As for sales, forecasts are for a decrease of -2.80% in the current fiscal year and a further 20.30% over the following year.
What are analyst thoughts on Penumbra Inc.?
Looking forward to the Penumbra Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Penumbra Inc. stock at $215.00 within the next 12 months, which represents almost 11.76 per cent growth from its previous closing price of $189.71. The highest analysts’ target for Penumbra Inc. stock projections is $255.00 and the lowest one is $204.00. Still, 7 analysts sharing their consensus rating for PEN stock in 2021 agree that it is an Overweight.