The Pennant Group (NASDAQ:PNTG) Price Target Raised to $46.00

The Pennant Group (NASDAQ:PNTG) had its price objective raised by Wells Fargo & Company from $45.00 to $46.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Wall Street Zen raised shares of The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Weiss Ratings upgraded shares of The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Truist Financial boosted their price objective on shares of The Pennant Group from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Royal Bank Of Canada increased their price objective on The Pennant Group from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, The Pennant Group has a consensus rating of “Moderate Buy” and an average target price of $41.20.

The Pennant Group Price Performance

The Pennant Group stock opened at $38.64 on Tuesday. The stock has a 50-day moving average price of $37.75 and a two-hundred day moving average price of $33.93. The Pennant Group has a 12 month low of $22.25 and a 12 month high of $42.69. The company has a market capitalization of $1.35 billion, a PE ratio of 42.93, a P/E/G ratio of 2.58 and a beta of 1.26. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.48.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The Pennant Group had a return on equity of 10.33% and a net margin of 2.93%.The company had revenue of $297.98 million for the quarter, compared to analysts’ expectations of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. Analysts expect that The Pennant Group will post 1.14 EPS for the current year.

Institutional Trading of The Pennant Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PNTG. GAMMA Investing LLC lifted its position in shares of The Pennant Group by 34.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock worth $58,000 after purchasing an additional 403 shares during the period. SG Americas Securities LLC increased its position in shares of The Pennant Group by 3.9% during the fourth quarter. SG Americas Securities LLC now owns 15,926 shares of the company’s stock worth $448,000 after buying an additional 600 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of The Pennant Group by 154.2% during the fourth 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in The Pennant Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company’s stock worth $488,000 after buying an additional 857 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in The Pennant Group by 1,186.8% during the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock worth $42,000 after buying an additional 1,258 shares during the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

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.