The Pennant Group, Inc. (NASDAQ:PNTG) Given Average Recommendation of “Moderate Buy” by Brokerages

The Pennant Group, Inc. (NASDAQ:PNTG) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $41.60.

A number of equities analysts have issued reports on PNTG shares. Royal Bank Of Canada increased their price target on The Pennant Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company boosted their price objective on The Pennant Group from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Weiss Ratings upgraded The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Finally, Truist Financial lifted their price target on shares of The Pennant Group from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th.

The Pennant Group Stock Performance

PNTG stock opened at $38.88 on Wednesday. The company’s 50-day simple moving average is $38.57 and its 200-day simple moving average is $34.40. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.48. The Pennant Group has a 52-week low of $22.25 and a 52-week high of $42.69. The firm has a market cap of $1.36 billion, a P/E ratio of 43.20, a PEG ratio of 2.53 and a beta of 1.26.

The Pennant Group (NASDAQ:PNTG) last posted its earnings results on Wednesday, August 5th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates 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 firm 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. As a group, equities analysts forecast that The Pennant Group will post 1.18 EPS for the current fiscal year.

Hedge Funds Weigh In On The Pennant Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of The Pennant Group by 34.6% in the second quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock valued at $58,000 after purchasing an additional 403 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in 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 in the last quarter. Nykredit A S purchased a new position in The Pennant Group during the second quarter worth approximately $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 boosted 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. 85.88% of the stock is owned by hedge funds and other institutional investors.

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.