The Pennant Group, Inc. (NASDAQ:PNTG) Receives $39.00 Consensus PT from Analysts

The Pennant Group, Inc. (NASDAQ:PNTG) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $39.00.

Several brokerages have recently weighed in on PNTG. Wells Fargo & Company raised their price target on shares of The Pennant Group from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Truist Financial raised their target price on shares of The Pennant Group from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Wall Street Zen downgraded The Pennant Group from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Royal Bank Of Canada raised their price target on The Pennant Group from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Weiss Ratings raised The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 22nd.

The Pennant Group Stock Performance

The Pennant Group stock opened at $32.78 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.42. The Pennant Group has a 1 year low of $21.73 and a 1 year high of $37.54. The company has a market cap of $1.14 billion, a PE ratio of 38.57, a PEG ratio of 2.17 and a beta of 1.29. The company’s 50-day moving average is $32.22 and its two-hundred day moving average is $30.96.

The Pennant Group (NASDAQ:PNTG) last released its earnings results on Wednesday, May 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The Pennant Group had a net margin of 2.96% and a return on equity of 10.07%. The company had revenue of $285.36 million for the quarter, compared to the consensus estimate of $280.75 million. Equities analysts anticipate that The Pennant Group will post 1.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PNTG. Caitong International Asset Management Co. Ltd lifted its stake in shares of The Pennant Group by 154.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock worth $33,000 after acquiring an additional 717 shares during the period. Quarry LP acquired a new position in The Pennant Group in the third quarter valued at approximately $37,000. Parallel Advisors LLC grew its position in The Pennant Group by 1,186.8% in the 1st quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock valued at $42,000 after purchasing an additional 1,258 shares during the period. CIBC Private Wealth Group LLC increased its stake in The Pennant Group by 651.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock valued at $86,000 after purchasing an additional 2,946 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in The Pennant Group by 608.7% during the 4th quarter. Quadrant Capital Group LLC now owns 3,182 shares of the company’s stock valued at $90,000 after purchasing an additional 2,733 shares in the last quarter. Institutional investors own 85.88% of the company’s stock.

About The Pennant Group

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.