The Pennant Group, Inc. (NASDAQ:PNTG) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus: seven of eight firms rate The Pennant Group a buy, with one hold; the average 12-month price target is $41.20.
• The stock opened at $39.40 and has traded between $22.25 and $42.69 over the past year. Its market capitalization is approximately $1.38 billion, with a P/E ratio of 43.78.
• The company exceeded quarterly expectations, reporting $0.36 EPS versus the $0.33 consensus and revenue of $297.98 million versus $288.71 million expected. Institutional investors and hedge funds own 85.88% of the stock.

Shares of The Pennant Group, Inc. (NASDAQ:PNTG - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $41.20.

A number of equities research analysts have weighed in on the company. Truist Financial raised their price objective on The Pennant Group from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Royal Bank Of Canada upped their target price on The Pennant Group from $41.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. Wall Street Zen raised shares of The Pennant Group from a "hold" rating to a "buy" rating in a research report on Saturday, June 20th. Weiss Ratings raised shares of The Pennant Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company lifted their price target on shares of The Pennant Group from $45.00 to $46.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th.

The Pennant Group Stock Performance

NASDAQ:PNTG opened at $39.40 on Wednesday. The firm has a 50-day moving average of $38.19 and a two-hundred day moving average of $34.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $1.38 billion, a P/E ratio of 43.78, a PEG ratio of 2.56 and a beta of 1.26. The Pennant Group has a 1-year low of $22.25 and a 1-year high of $42.69.

The Pennant Group (NASDAQ:PNTG - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. The business had revenue of $297.98 million for the quarter, compared to analyst estimates of $288.71 million. The Pennant Group had a return on equity of 10.33% and a net margin of 2.93%.The Pennant Group has set its FY 2026 guidance at 1.340-1.410 EPS. On average, research analysts expect that The Pennant Group will post 1.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Grandeur Peak Global Advisors LLC bought a new stake in shares of The Pennant Group in the 2nd quarter worth about $6,644,000. Corient Private Wealth LP acquired a new stake in shares of The Pennant Group in the 2nd quarter valued at about $354,000. Bank of America Corp DE bought a new position in shares of The Pennant Group during the second quarter worth about $3,430,000. Boone Capital Management LLC bought a new position in shares of The Pennant Group during the second quarter worth about $19,059,000. Finally, Jupiter Topco LLC acquired a new position in The Pennant Group in the second quarter worth about $435,000. 85.88% of the stock is owned by institutional investors and hedge funds.

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.

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