The Pennant Group, Inc. (NASDAQ:PNTG) Receives $36.60 Average PT from Analysts

Shares of The Pennant Group, Inc. (NASDAQ:PNTG) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $36.60.

Several research firms recently commented on PNTG. Royal Bank Of Canada raised their target price on The Pennant Group from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. William Blair initiated coverage on The Pennant Group in a research report on Monday, December 8th. They issued an “outperform” rating on the stock. Wall Street Zen upgraded The Pennant Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Zacks Research cut The Pennant Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Wells Fargo & Company boosted 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.

Hedge Funds Weigh In On The Pennant Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van Berkom & Associates Inc. grew its stake in The Pennant Group by 10.1% during the third quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock worth $78,505,000 after buying an additional 284,856 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of The Pennant Group by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company’s stock valued at $57,707,000 after acquiring an additional 82,071 shares during the last quarter. Ophir Asset Management Pty Ltd boosted its holdings in shares of The Pennant Group by 24.1% in the 4th quarter. Ophir Asset Management Pty Ltd now owns 1,326,850 shares of the company’s stock worth $37,351,000 after acquiring an additional 257,840 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of The Pennant Group by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 832,481 shares of the company’s stock worth $24,853,000 after acquiring an additional 36,357 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in The Pennant Group by 71.1% during the 4th quarter. Wellington Management Group LLP now owns 817,914 shares of the company’s stock worth $23,024,000 after acquiring an additional 339,870 shares during the last quarter. 85.88% of the stock is currently owned by institutional investors and hedge funds.

The Pennant Group Stock Performance

NASDAQ PNTG opened at $30.56 on Friday. The stock has a market cap of $1.06 billion, a P/E ratio of 36.82, a PEG ratio of 2.16 and a beta of 1.23. The company’s 50-day simple moving average is $31.40 and its 200 day simple moving average is $28.25. The Pennant Group has a twelve month low of $21.73 and a twelve month high of $35.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $289.32 million during the quarter, compared to analysts’ expectations of $275.20 million. The Pennant Group had a net margin of 3.12% and a return on equity of 10.10%. The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. As a group, research 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.