The Pennant Group (NASDAQ:PNTG) Upgraded to “Buy” at Wall Street Zen

The Pennant Group (NASDAQ:PNTG) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Several other equities research analysts also recently commented on the stock. William Blair initiated coverage on shares of The Pennant Group in a research note on Monday, December 8th. They issued an “outperform” rating for the company. Zacks Research lowered shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Royal Bank Of Canada raised their price objective on The Pennant Group from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Weiss Ratings upgraded The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Finally, Wells Fargo & Company boosted their target price on The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.60.

The Pennant Group Price Performance

Shares of PNTG opened at $29.66 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.45. The Pennant Group has a 1 year low of $21.73 and a 1 year high of $35.00. The stock has a market cap of $1.04 billion, a P/E ratio of 35.73, a price-to-earnings-growth ratio of 2.06 and a beta of 1.30. The stock’s 50-day moving average price is $31.41 and its two-hundred day moving average price is $28.48.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $289.32 million during the quarter, compared to analysts’ expectations of $275.20 million. The Pennant Group had a return on equity of 10.10% and a net margin of 3.12%.The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. On average, equities analysts predict that The Pennant Group will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On The Pennant Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its stake in The Pennant Group by 154.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock valued at $33,000 after acquiring an additional 717 shares in the last quarter. Quarry LP bought a new position in shares of The Pennant Group during the 3rd quarter worth approximately $37,000. State of Alaska Department of Revenue acquired a new stake in shares of The Pennant Group in the third quarter valued at approximately $54,000. Quadrant Capital Group LLC raised its holdings in shares of The Pennant Group by 608.7% in the fourth quarter. Quadrant Capital Group LLC now owns 3,182 shares of the company’s stock valued at $90,000 after purchasing an additional 2,733 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of The Pennant Group by 651.8% in the third quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock worth $86,000 after purchasing an additional 2,946 shares in the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

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.