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

The Pennant Group, Inc. (NASDAQ:PNTG) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $41.60.

PNTG has been the subject of several recent analyst reports. Truist Financial upped their target price on The Pennant Group from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Wells Fargo & Company raised their price objective on The Pennant Group from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada lifted their target price on The Pennant Group from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Finally, Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th.

Hedge Funds Weigh In On The Pennant Group

A number of institutional investors have recently added to or reduced their stakes in PNTG. Vanguard Group Inc. grew its position in The Pennant Group by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company’s stock worth $57,707,000 after acquiring an additional 82,071 shares during the last quarter. Turtle Creek Asset Management Inc. raised its position in The Pennant Group by 12,075.6% in the first quarter. Turtle Creek Asset Management Inc. now owns 1,582,823 shares of the company’s stock valued at $48,244,000 after purchasing an additional 1,569,823 shares during the last quarter. Rice Hall James & Associates LLC bought a new position in The Pennant Group in the second quarter valued at about $9,241,000. Sei Investments Co. boosted its stake in shares of The Pennant Group by 33.7% during the first quarter. Sei Investments Co. now owns 153,546 shares of the company’s stock valued at $4,680,000 after purchasing an additional 38,735 shares in the last quarter. Finally, Wasatch Advisors LP grew its holdings in shares of The Pennant Group by 31.8% during the second quarter. Wasatch Advisors LP now owns 1,870,178 shares of the company’s stock worth $69,103,000 after purchasing an additional 451,491 shares during the last quarter. 85.88% of the stock is currently owned by institutional investors and hedge funds.

The Pennant Group Price Performance

PNTG stock opened at $38.25 on Wednesday. The company’s 50-day moving average price is $38.78 and its two-hundred day moving average price is $34.53. The firm has a market cap of $1.34 billion, a P/E ratio of 42.50, a P/E/G ratio of 2.54 and a beta of 1.26. 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 12 month low of $22.25 and a 12 month high of $42.69.

The Pennant Group (NASDAQ:PNTG) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $297.98 million during the quarter, compared to the consensus estimate of $288.71 million. The Pennant Group had a net margin of 2.93% and a return on equity of 10.33%. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. On average, analysts anticipate that The Pennant Group will post 1.18 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.