Brokerages Set The Pennant Group, Inc. (NASDAQ:PNTG) Price Target at $36.20

Shares of The Pennant Group, Inc. (NASDAQ:PNTGGet Free Report) have earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $36.20.

Several equities research analysts have recently weighed in on PNTG shares. Truist Financial raised shares of The Pennant Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $28.00 to $34.00 in a research report on Tuesday, December 2nd. Wells Fargo & Company upped their target price on The Pennant Group from $31.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. William Blair started coverage on The Pennant Group in a report on Monday, December 8th. They issued an “outperform” rating on the stock. Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Zacks Research downgraded The Pennant Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th.

Check Out Our Latest Analysis on The Pennant Group

The Pennant Group Price Performance

PNTG opened at $33.71 on Wednesday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 40.61, a PEG ratio of 2.34 and a beta of 1.23. The company has a current ratio of 1.14, a quick ratio of 1.04 and a debt-to-equity ratio of 0.45. The Pennant Group has a 12-month low of $21.18 and a 12-month high of $35.00. The business’s fifty day simple moving average is $29.88 and its 200-day simple moving average is $27.20.

The Pennant Group (NASDAQ:PNTGGet Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The Pennant Group had a return on equity of 10.10% and a net margin of 3.12%.The firm had revenue of $289.32 million during the quarter, compared to the consensus estimate of $275.20 million. The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. On average, equities research analysts anticipate that The Pennant Group will post 0.75 earnings per share for the current fiscal year.

More The Pennant Group News

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Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PNTG. Geode Capital Management LLC boosted its position in shares of The Pennant Group by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 832,481 shares of the company’s stock worth $24,853,000 after purchasing an additional 36,357 shares in the last quarter. Pinnacle Associates Ltd. purchased a new stake in The Pennant Group in the second quarter valued at about $1,104,000. Gallagher Capital Advisors LLC acquired a new stake in The Pennant Group in the third quarter worth about $1,786,000. Yorktown Management & Research Co Inc purchased a new stake in shares of The Pennant Group during the second quarter worth about $293,000. Finally, Van Berkom & Associates Inc. increased its holdings in shares of The Pennant Group by 10.1% during the third quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock valued at $78,505,000 after acquiring an additional 284,856 shares in the last quarter. Institutional investors own 85.88% of the company’s stock.

The Pennant Group Company Profile

(Get Free Report)

The Pennant Group (NASDAQ: PNTG) is a publicly traded holding company that provides specialized services to the asset management industry. Through its operating subsidiaries, the company delivers outsourced fund administration, securities lending, prime brokerage, and capital markets solutions designed to support hedge funds, private equity firms, mutual funds and other institutional investors. By leveraging a combination of technology platforms and industry expertise, The Pennant Group helps clients streamline middle- and back-office processes, enhance operational efficiency and manage regulatory requirements.

Key service offerings include fund accounting and reporting, trade settlement and reconciliation, risk monitoring, securities lending programs and execution support across a range of asset classes.

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Analyst Recommendations for The Pennant Group (NASDAQ:PNTG)

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