The Pennant Group, Inc. (NASDAQ:PNTG) Receives Consensus Rating of “Buy” from Brokerages

Shares of The Pennant Group, Inc. (NASDAQ:PNTG) have been given an average rating of “Buy” by the eight brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $34.80.

PNTG has been the topic of a number of research analyst reports. William Blair assumed coverage on shares of The Pennant Group in a research report on Monday, December 8th. They set an “outperform” rating on the stock. Zacks Research upgraded shares of The Pennant Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of The Pennant Group in a report on Friday, December 19th. Stephens restated an “overweight” rating and issued a $40.00 price target on shares of The Pennant Group in a research note on Thursday, October 9th. Finally, Wells Fargo & Company raised The Pennant Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $29.00 to $31.00 in a report on Tuesday, November 18th.

The Pennant Group Price Performance

NASDAQ PNTG opened at $28.40 on Tuesday. The Pennant Group has a one year low of $21.18 and a one year high of $30.46. The stock has a 50-day moving average of $27.49 and a 200 day moving average of $25.83. 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 $982.36 million, a price-to-earnings ratio of 37.87, a PEG ratio of 1.89 and a beta of 1.28.

The Pennant Group (NASDAQ:PNTG) last posted its earnings results on Wednesday, November 5th. The company reported $0.30 earnings per share (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 business 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. On average, sell-side analysts forecast that The Pennant Group will post 0.75 EPS for the current year.

Institutional Investors Weigh In On The Pennant Group

Several hedge funds and other institutional investors have recently made changes to their positions in PNTG. Ophir Asset Management Pty Ltd boosted its holdings in shares of 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 worth $31,305,000 after buying an additional 840,642 shares during the last quarter. WCM Investment Management LLC purchased a new stake in The Pennant Group during the third quarter valued at approximately $16,100,000. Ameriprise Financial Inc. bought a new position in The Pennant Group in the second quarter worth approximately $14,356,000. Algert Global LLC boosted its stake in shares of The Pennant Group by 392.5% during the 3rd quarter. Algert Global LLC now owns 421,702 shares of the company’s stock worth $10,635,000 after acquiring an additional 336,072 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its position in shares of The Pennant Group by 10.1% during the 3rd quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock valued at $78,505,000 after acquiring an additional 284,856 shares during the period. Hedge funds and other institutional investors 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.