The Pennant Group, Inc. (NASDAQ:PNTG) Receives $41.20 Consensus Target Price from Brokerages

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

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

The Pennant Group Trading Down 0.3%

The Pennant Group stock opened at $38.88 on Wednesday. The stock has a market cap of $1.36 billion, a P/E ratio of 43.20, a PEG ratio of 2.54 and a beta of 1.26. The Pennant Group has a fifty-two week low of $22.25 and a fifty-two week high of $42.69. The firm’s fifty day moving average price is $38.57 and its 200-day moving average price is $34.36. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.20 and a current ratio of 1.20.

The Pennant Group (NASDAQ:PNTG) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, topping 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 company had revenue of $297.98 million for the quarter, compared to the consensus estimate of $288.71 million. The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. Equities research analysts forecast that The Pennant Group will post 1.18 earnings per share for the current fiscal year.

Institutional Trading of The Pennant Group

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in 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 acquiring an additional 403 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake 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 purchasing an additional 717 shares during the last quarter. Nykredit A S bought a new stake in The Pennant Group during the second quarter worth about $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of The Pennant Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,394 shares of the company’s stock worth $488,000 after purchasing an additional 857 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of The Pennant Group by 1,186.8% in the 1st quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock worth $42,000 after purchasing an additional 1,258 shares in the last quarter. 85.88% of the stock is owned by institutional investors.

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.