Brokerages Set The Pennant Group, Inc. (NASDAQ:PNTG) PT at $36.60

The Pennant Group, Inc. (NASDAQ:PNTG) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $36.60.

Several equities research analysts recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of The Pennant Group from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Truist Financial upgraded The Pennant Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $28.00 to $34.00 in a report on Tuesday, December 2nd. Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings upgraded The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Finally, Zacks Research cut The Pennant Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th.

Hedge Funds Weigh In On The Pennant Group

A number of large investors have recently bought and sold shares of PNTG. Geode Capital Management LLC lifted its position in shares of The Pennant Group by 4.6% in the second 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. Provident Investment Management Inc. bought a new position in The Pennant Group in the third quarter valued at $6,685,000. Algert Global LLC grew its position in The Pennant Group by 392.5% in the third quarter. Algert Global LLC now owns 421,702 shares of the company’s stock valued at $10,635,000 after purchasing an additional 336,072 shares in the last quarter. Gallagher Capital Advisors LLC acquired a new stake in The Pennant Group in the 3rd quarter valued at $1,786,000. Finally, Van Berkom & Associates Inc. increased its stake in The Pennant Group by 10.1% in the 3rd quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock valued at $78,505,000 after buying an additional 284,856 shares during the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

The Pennant Group Price Performance

NASDAQ PNTG opened at $31.02 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 2.17 and a beta of 1.23. The business has a 50 day simple moving average of $31.34 and a 200 day simple moving average of $28.21. The Pennant Group has a 52-week low of $21.73 and a 52-week high of $35.00.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $289.32 million for the quarter, compared to analyst estimates of $275.20 million. The Pennant Group had a net margin of 3.12% and a return on equity of 10.10%. The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. Analysts anticipate that The Pennant Group will post 0.75 earnings per share for the current fiscal year.

The Pennant Group Company Profile

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.