The Pennant Group, Inc. (NASDAQ:PNTG) Receives Average Rating of “Moderate Buy” from Analysts

The Pennant Group, Inc. (NASDAQ:PNTG) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $36.20.

PNTG has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on shares of The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of The Pennant Group in a report on Monday, December 29th. Wall Street Zen lowered shares of The Pennant Group from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of The Pennant Group in a report on Friday, December 19th. Finally, Zacks Research downgraded shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th.

Institutional Trading of The Pennant Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ophir Asset Management Pty Ltd grew its position in The Pennant Group by 403.9% in the second quarter. Ophir Asset Management Pty Ltd now owns 1,048,759 shares of the company’s stock valued at $31,305,000 after acquiring an additional 840,642 shares during the period. WCM Investment Management LLC bought a new stake in The Pennant Group during the 3rd quarter worth about $16,100,000. Ameriprise Financial Inc. bought a new stake in shares of The Pennant Group during the second quarter valued at approximately $14,356,000. Algert Global LLC increased its stake in shares of The Pennant Group by 392.5% in the 3rd quarter. Algert Global LLC now owns 421,702 shares of the company’s stock valued at $10,635,000 after buying an additional 336,072 shares during the period. Finally, Van Berkom & Associates Inc. increased its position in The Pennant Group by 10.1% in the third quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock worth $78,505,000 after purchasing an additional 284,856 shares during the period. Institutional investors own 85.88% of the company’s stock.

The Pennant Group Stock Performance

Shares of NASDAQ PNTG opened at $27.62 on Friday. The stock’s fifty day simple moving average is $28.90 and its 200 day simple moving average is $26.08. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $955.38 million, a price-to-earnings ratio of 36.83, a PEG ratio of 1.90 and a beta of 1.28. The Pennant Group has a 52-week low of $21.18 and a 52-week high of $31.94.

The Pennant Group (NASDAQ:PNTG) last issued its quarterly 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 business had revenue of $229.04 million during the quarter, compared to the consensus estimate of $221.96 million. The Pennant Group had a net margin of 3.15% and a return on equity of 9.37%. The Pennant Group has set its FY 2025 guidance at 1.140-1.180 EPS. As a group, sell-side analysts forecast that The Pennant Group will post 0.75 earnings per share for the current fiscal year.

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.