The Pennant Group, Inc. (NASDAQ:PNTG) Receives $37.00 Consensus Price Target from Brokerages

The Pennant Group, Inc. (NASDAQ:PNTG) has received an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $37.00.

Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Zacks Research downgraded shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Wells Fargo & Company upped their price target on shares of The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Weiss Ratings upgraded shares of The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Finally, Truist Financial increased their target price on shares of The Pennant Group from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, April 13th.

Institutional Investors Weigh In On The Pennant Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its position in The Pennant Group by 154.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock worth $33,000 after buying an additional 717 shares in the last quarter. Quarry LP purchased a new stake in The Pennant Group in the 3rd quarter worth approximately $37,000. State of Alaska Department of Revenue purchased a new stake in The Pennant Group in the 3rd quarter worth approximately $54,000. Quadrant Capital Group LLC lifted its position in The Pennant Group by 608.7% in the 4th quarter. Quadrant Capital Group LLC now owns 3,182 shares of the company’s stock worth $90,000 after buying an additional 2,733 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in The Pennant Group by 651.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock worth $86,000 after buying an additional 2,946 shares in the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

The Pennant Group Stock Up 1.6%

Shares of NASDAQ:PNTG opened at $29.37 on Thursday. 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 company has a market cap of $1.03 billion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 1.98 and a beta of 1.30. The Pennant Group has a 52 week low of $21.73 and a 52 week high of $35.00. The firm has a 50 day simple moving average of $31.71 and a 200 day simple moving average of $28.98.

The Pennant Group (NASDAQ:PNTG) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The business had revenue of $289.32 million during the quarter, compared to the consensus estimate 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. As a group, research analysts expect that The Pennant Group will post 1.13 earnings per share for the current 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.