The Pennant Group (NASDAQ:PNTG) Rating Lowered to “Hold” at Wall Street Zen

The Pennant Group (NASDAQ:PNTG) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. William Blair started coverage on The Pennant Group in a research report on Monday, December 8th. They set an “outperform” rating on the stock. Stephens reaffirmed an “overweight” rating and issued a $40.00 price objective on shares of The Pennant Group in a research report on Thursday, October 9th. Truist Financial upgraded The Pennant Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $34.00 in a research note on Tuesday, December 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of The Pennant Group in a research note on Friday, December 19th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.20.

The Pennant Group Stock Performance

Shares of NASDAQ PNTG opened at $30.53 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 stock has a 50 day moving average price of $28.69 and a 200 day moving average price of $25.99. The stock has a market capitalization of $1.06 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 2.11 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 announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The Pennant Group had a return on equity of 9.37% and a net margin of 3.15%.The company 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. Analysts predict that The Pennant Group will post 0.75 earnings per share for the current fiscal year.

Institutional Trading of The Pennant Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new position in shares of The Pennant Group during the 3rd quarter worth approximately $37,000. State of Alaska Department of Revenue bought a new position in The Pennant Group during the 3rd quarter worth $54,000. CIBC Private Wealth Group LLC raised its holdings 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 acquiring an additional 2,946 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of 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 acquiring an additional 2,463 shares during the period. Finally, AlphaQuest LLC bought a new stake in shares of The Pennant Group during the 3rd quarter valued at $137,000. Institutional investors and hedge funds 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.