The Pennant Group (NASDAQ:PNTG) Hits New 1-Year High – Still a Buy?

The Pennant Group, Inc. (NASDAQ:PNTG) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $31.00 and last traded at $30.11, with a volume of 100 shares traded. The stock had previously closed at $30.00.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of The Pennant Group in a report on Monday, December 29th. Truist Financial upgraded The Pennant Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $28.00 to $34.00 in a research report on Tuesday, December 2nd. William Blair started coverage on The Pennant Group in a research report on Monday, December 8th. They issued an “outperform” rating on the stock. Stephens reiterated an “overweight” rating and issued a $40.00 target price on shares of The Pennant Group in a research note on Thursday, October 9th. Finally, Jefferies Financial Group started coverage on shares of The Pennant Group in a research report on Friday, October 24th. They set a “buy” rating and a $30.00 price target for the company. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, The Pennant Group has a consensus rating of “Moderate Buy” and a consensus price target of $36.20.

The Pennant Group Stock Up 1.2%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50 day simple moving average of $28.46 and a two-hundred day simple moving average of $25.93. The stock has a market cap of $1.05 billion, a P/E ratio of 40.49, a P/E/G ratio of 1.99 and a beta of 1.28.

The Pennant Group (NASDAQ:PNTG) last released its earnings results on Wednesday, November 5th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The Pennant Group had a net margin of 3.15% and a return on equity of 9.37%. The firm had revenue of $229.04 million for the quarter, compared to analysts’ expectations of $221.96 million. The Pennant Group has set its FY 2025 guidance at 1.140-1.180 EPS. Equities research analysts predict that The Pennant Group, Inc. will post 0.75 earnings per share for the current year.

Institutional Trading of The Pennant Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new stake in shares of The Pennant Group in the 3rd quarter valued at approximately $37,000. State of Alaska Department of Revenue acquired a new stake in The Pennant Group during the 3rd quarter valued at $54,000. CIBC Private Wealth Group LLC raised 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 during the period. Tower Research Capital LLC TRC lifted its holdings in shares of The Pennant Group by 161.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,987 shares of the company’s stock valued at $119,000 after purchasing an additional 2,463 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of The Pennant Group in the third quarter worth $137,000. Institutional investors and hedge funds 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.