The Pennant Group (NASDAQ:PNTG) Lowered to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded The Pennant Group from "buy" to "hold", but the consensus remains a Moderate Buy with seven analysts rating it Buy and an average price target of $36.60.
• The company beat quarterly estimates with $0.34 EPS (vs. $0.31) and $289.32M revenue (vs. $275.20M), set FY2026 guidance of 1.260–1.360 EPS, and currently trades around $29.84 with a market cap of $1.03 billion and a P/E near 36.
• Several brokerages have recently raised targets or upgraded the stock—Truist, Wells Fargo, and RBC bumped targets into the $34–$41 range and Weiss upgraded to "buy"—partly offsetting Zacks' cut to "hold".

The Pennant Group (NASDAQ:PNTG - Get Free Report) 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 Saturday.

Several other brokerages have also recently commented on PNTG. Truist Financial upgraded The Pennant Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $28.00 to $34.00 in a report on Tuesday, December 2nd. Wells Fargo & Company lifted their price target on The Pennant Group from $31.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, January 7th. Royal Bank Of Canada upped their price target on shares of The Pennant Group from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, March 2nd. Weiss Ratings raised shares of The Pennant Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 2nd. Finally, Zacks Research cut shares of The Pennant Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 12th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $36.60.

The Pennant Group Stock Performance

NASDAQ PNTG opened at $29.84 on Friday. The Pennant Group has a 1-year low of $21.73 and a 1-year high of $35.00. The company has a 50 day moving average of $31.41 and a 200-day moving average of $28.29. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 2.12 and a beta of 1.23.

The Pennant Group (NASDAQ:PNTG - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The Pennant Group had a return on equity of 10.10% and a net margin of 3.12%.The business had revenue of $289.32 million for the quarter, compared to the consensus estimate of $275.20 million. The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. On average, equities analysts forecast that The Pennant Group will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Pennant Group

A number of institutional investors and hedge funds have recently made changes to their positions in PNTG. Caitong International Asset Management Co. Ltd boosted its holdings in The Pennant Group by 154.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company's stock valued at $33,000 after acquiring an additional 717 shares during the last quarter. Quarry LP bought a new stake in The Pennant Group during the 3rd quarter worth about $37,000. State of Alaska Department of Revenue acquired a new position in The Pennant Group during the 3rd quarter valued at about $54,000. Quadrant Capital Group LLC lifted its position in The Pennant Group by 608.7% during the 4th quarter. Quadrant Capital Group LLC now owns 3,182 shares of the company's stock valued at $90,000 after purchasing an additional 2,733 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of 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 purchasing an additional 2,946 shares during the last quarter. Institutional investors own 85.88% of the company's stock.

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.

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