The Pennant Group (NASDAQ:PNTG) Sets New 12-Month High – Time to Buy?

The Pennant Group, Inc. (NASDAQ:PNTG)’s share price reached a new 52-week high during trading on Monday. The company traded as high as $42.97 and last traded at $42.91, with a volume of 64,766 shares. The stock had previously closed at $41.88.

Analyst Ratings Changes

Several research analysts have recently weighed in on PNTG shares. Truist Financial boosted their price target on The Pennant Group from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Wells Fargo & Company increased their price objective on The Pennant Group from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada boosted their target price on The Pennant Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, The Pennant Group has an average rating of “Moderate Buy” and a consensus target price of $46.00.

The Pennant Group Stock Performance

The firm has a market capitalization of $1.49 billion, a PE ratio of 47.26, a price-to-earnings-growth ratio of 2.73 and a beta of 1.25. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.48. The business’s 50 day simple moving average is $39.64 and its two-hundred day simple moving average is $36.90.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. The firm had revenue of $297.98 million for the quarter, compared to analysts’ expectations 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. Research analysts expect that The Pennant Group, Inc. will post 1.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Sigma Planning Corp purchased a new stake in The Pennant Group during the third quarter valued at approximately $1,573,000. Sterling Capital Management LLC boosted its stake in shares of The Pennant Group by 846.7% during the 3rd quarter. Sterling Capital Management LLC now owns 1,136 shares of the company’s stock worth $44,000 after acquiring an additional 1,016 shares during the last quarter. Kings Path Partners LLC bought a new stake in shares of The Pennant Group during the 3rd quarter valued at $684,000. Pinnacle Associates Ltd. grew its position in shares of The Pennant Group by 3.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 38,594 shares of the company’s stock valued at $1,505,000 after acquiring an additional 1,313 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of The Pennant Group by 45.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,413 shares of the company’s stock valued at $133,000 after acquiring an additional 1,065 shares during the period. Institutional investors own 85.88% of the company’s stock.

The Pennant Group Company Profile

The Pennant Group, Inc is a healthcare services company that operates home health, hospice and senior living businesses in the United States. Through its affiliated agencies and communities, the company provides skilled nursing, physical, occupational and speech therapy, personal care, hospice and palliative services, assisted living, and other support for older adults and individuals recovering from illness or injury.

Pennant’s home health and hospice operations serve patients in their homes and other residential settings, while its senior living segment operates communities that provide assisted living and related services.