The Pennant Group, Inc. (NASDAQ:PNTG) Given Consensus Recommendation of “Moderate Buy” by Analysts

The Pennant Group, Inc. (NASDAQ:PNTG) has been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the firm, MarketBeat reports. Two equities 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 brokerages that have updated their coverage on the stock in the last year is $36.20.

Several research analysts recently commented on the stock. Wall Street Zen cut shares of The Pennant Group from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Zacks Research cut The Pennant Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of The Pennant Group in a report on Monday, December 29th. Stephens reaffirmed an “overweight” rating and issued a $40.00 price objective on shares of The Pennant Group in a research note on Thursday, October 9th. Finally, Wells Fargo & Company increased their target price on The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th.

The Pennant Group Price Performance

NASDAQ PNTG opened at $27.62 on Friday. The business has a 50 day simple moving average of $28.90 and a 200 day simple moving average of $26.08. 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 Pennant Group has a 52-week low of $21.18 and a 52-week high of $31.94. The stock has a market cap 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 (NASDAQ:PNTG) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.30 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. Analysts anticipate that The Pennant Group will post 0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The Pennant Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in The Pennant Group by 4.6% during 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 during the period. Belpointe Asset Management LLC bought a new stake in The Pennant Group during the 2nd quarter valued at $211,000. Pinnacle Associates Ltd. bought a new stake in shares of The Pennant Group in the 2nd quarter worth approximately $1,104,000. Yorktown Management & Research Co Inc bought a new position in The Pennant Group in the 2nd quarter worth $293,000. Finally, Ranger Investment Management L.P. increased its position in shares of The Pennant Group by 56.6% during the second quarter. Ranger Investment Management L.P. now owns 304,925 shares of the company’s stock valued at $9,102,000 after buying an additional 110,175 shares during the period. 85.88% of the stock is currently owned by institutional investors.

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.