The Pennant Group, Inc. (NASDAQ:PNTG) Receives $41.00 Average Target Price from Analysts

The Pennant Group, Inc. (NASDAQ:PNTG) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $41.00.

Several analysts recently weighed in on the company. Royal Bank Of Canada raised their price objective on The Pennant Group from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Truist Financial boosted their target price 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. Wall Street Zen raised shares of The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Weiss Ratings downgraded shares of The Pennant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company raised their price target on shares of The Pennant Group from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, July 13th.

Institutional Trading of The Pennant Group

A number of hedge funds have recently added to or reduced their stakes in PNTG. Caitong International Asset Management Co. Ltd grew its stake in shares of The Pennant Group by 154.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock worth $33,000 after buying an additional 717 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of The Pennant Group by 1,186.8% during the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock worth $42,000 after buying an additional 1,258 shares in the last quarter. Quarry LP bought a new position in shares of The Pennant Group in the 3rd quarter valued at $37,000. GAMMA Investing LLC lifted its stake in shares of The Pennant Group by 34.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock valued at $58,000 after acquiring an additional 403 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of The Pennant Group by 608.7% in the 4th quarter. Quadrant Capital Group LLC now owns 3,182 shares of the company’s stock valued at $90,000 after acquiring an additional 2,733 shares during the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

The Pennant Group Trading Down 2.0%

Shares of PNTG stock opened at $40.32 on Friday. The stock’s fifty day moving average price is $36.62 and its two-hundred day moving average price is $33.31. The company has a market cap of $1.40 billion, a PE ratio of 47.44, a P/E/G ratio of 2.76 and a beta of 1.25. The Pennant Group has a fifty-two week low of $21.73 and a fifty-two week high of $42.69. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.19 and a current ratio of 1.19.

The Pennant Group (NASDAQ:PNTG) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The Pennant Group had a return on equity of 10.07% and a net margin of 2.96%.The company had revenue of $285.36 million for the quarter, compared to analyst estimates of $280.75 million. Equities analysts predict that The Pennant Group will post 1.14 EPS for the current fiscal year.

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.