The Pennant Group (NASDAQ:PNTG) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of The Pennant Group (NASDAQ:PNTG) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Other analysts have also issued reports about the company. Royal Bank Of Canada boosted their target price on The Pennant Group from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Wells Fargo & Company boosted their price objective on The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Truist Financial boosted their price objective on The Pennant Group from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Weiss Ratings upgraded The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, Zacks Research lowered The Pennant Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.00.

The Pennant Group Stock Performance

Shares of PNTG opened at $31.30 on Friday. The firm has a market cap of $1.09 billion, a PE ratio of 37.71, a PEG ratio of 2.14 and a beta of 1.28. The stock’s fifty day moving average price is $31.55 and its two-hundred day moving average price is $29.22. 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 Pennant Group has a 1 year low of $21.73 and a 1 year high of $35.00.

The Pennant Group (NASDAQ:PNTG) last issued its earnings results on Wednesday, February 25th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $289.32 million for the quarter, compared to analyst estimates 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 research analysts forecast that The Pennant Group will post 1.13 EPS for the current year.

Hedge Funds Weigh In On The Pennant Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van Berkom & Associates Inc. grew its position in The Pennant Group by 10.1% during the third quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock worth $78,505,000 after buying an additional 284,856 shares in the last quarter. Vanguard Group Inc. grew its position in The Pennant Group by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company’s stock worth $57,707,000 after buying an additional 82,071 shares in the last quarter. Wasatch Advisors LP grew its position in The Pennant Group by 143.2% during the first quarter. Wasatch Advisors LP now owns 1,418,687 shares of the company’s stock worth $43,242,000 after buying an additional 835,227 shares in the last quarter. Ophir Asset Management Pty Ltd grew its position in The Pennant Group by 24.1% during the fourth quarter. Ophir Asset Management Pty Ltd now owns 1,326,850 shares of the company’s stock worth $37,351,000 after buying an additional 257,840 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in The Pennant Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 820,048 shares of the company’s stock worth $23,089,000 after buying an additional 3,875 shares in the last quarter. 85.88% of the stock is currently owned by hedge funds and other 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.