Brokerages Set The Pennant Group, Inc. (NASDAQ:PNTG) PT at $36.20

The Pennant Group, Inc. (NASDAQ:PNTG) has earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $36.20.

Several research firms have weighed in on PNTG. Stephens reiterated an “overweight” rating and set a $40.00 target price on shares of The Pennant Group in a research note on Thursday, October 9th. Truist Financial raised shares of 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 assumed coverage on shares of The Pennant Group in a research note on Monday, December 8th. They set an “outperform” rating on the stock. Jefferies Financial Group began coverage on shares of The Pennant Group in a report on Friday, October 24th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Wells Fargo & Company upped their target price on The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th.

The Pennant Group Price Performance

PNTG opened at $28.22 on Friday. 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 company has a market capitalization of $976.13 million, a P/E ratio of 37.63, a PEG ratio of 1.92 and a beta of 1.27. The Pennant Group has a 1-year low of $21.18 and a 1-year high of $31.94. The company has a 50-day moving average of $28.93 and a 200-day moving average of $26.14.

The Pennant Group (NASDAQ:PNTG) last issued its earnings results on Wednesday, November 5th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $229.04 million during the quarter, compared to analyst estimates of $221.96 million. The Pennant Group had a return on equity of 9.37% and a net margin of 3.15%.The Pennant Group has set its FY 2025 guidance at 1.140-1.180 EPS. Equities analysts expect that The Pennant Group will post 0.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PNTG. Quarry LP bought a new stake in The Pennant Group in the third quarter valued at $37,000. State of Alaska Department of Revenue acquired a new stake in shares of The Pennant Group in the 3rd quarter worth about $54,000. CIBC Private Wealth Group LLC lifted its position in The Pennant Group by 651.8% in 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 last quarter. Tower Research Capital LLC TRC boosted its stake in The Pennant Group by 161.6% during the 2nd 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 during the period. Finally, AlphaQuest LLC bought a new position in The Pennant Group in the 3rd quarter worth about $137,000. 85.88% of the stock is currently 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.