The Pennant Group (NASDAQ:PNTG) Stock Rating Upgraded by Wall Street Zen

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

PNTG has been the subject of a number of other reports. Zacks Research downgraded The Pennant Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings upgraded The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Wells Fargo & Company increased their price objective on 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 initiated coverage on shares of The Pennant Group in a research note on Monday, December 8th. They issued an “outperform” rating for the company. Finally, Royal Bank Of Canada boosted their target price on shares of The Pennant Group from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.60.

The Pennant Group Stock Performance

The Pennant Group stock opened at $29.66 on Friday. The firm has a 50-day moving average of $31.41 and a 200-day moving average of $28.48. The Pennant Group has a one year low of $21.73 and a one year high of $35.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 35.73, a P/E/G ratio of 2.06 and a beta of 1.30.

The Pennant Group (NASDAQ:PNTG) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 expect that The Pennant Group will post 0.75 earnings per share for the current fiscal year.

Institutional Trading of The Pennant Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Provident Investment Management Inc. bought a new stake in The Pennant Group in the 3rd quarter valued at $6,685,000. Algert Global LLC boosted its position in The Pennant Group by 392.5% during the third quarter. Algert Global LLC now owns 421,702 shares of the company’s stock worth $10,635,000 after purchasing an additional 336,072 shares during the period. Gallagher Capital Advisors LLC bought a new position in The Pennant Group during the third quarter worth $1,786,000. Tudor Investment Corp ET AL increased its holdings in shares of The Pennant Group by 317.4% in the third quarter. Tudor Investment Corp ET AL now owns 207,220 shares of the company’s stock valued at $5,226,000 after purchasing an additional 157,574 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its holdings in shares of The Pennant Group by 10.1% in the third quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock valued at $78,505,000 after purchasing an additional 284,856 shares during the last quarter. 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.