The Pennant Group, Inc. (NASDAQ:PNTG) Receives $34.80 Consensus Target Price from Brokerages

The Pennant Group, Inc. (NASDAQ:PNTG) has been given an average rating of “Buy” by the eight ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $36.20.

A number of research firms have recently commented on PNTG. Stephens reiterated an “overweight” rating and set a $40.00 target price on shares of The Pennant Group in a research report on Thursday, October 9th. William Blair began coverage on shares of The Pennant Group in a research note on Monday, December 8th. They set an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of The Pennant Group in a research note on Monday, December 29th. Royal Bank Of Canada restated an “outperform” rating on shares of The Pennant Group in a research report on Friday, December 19th. Finally, Truist Financial upgraded The Pennant Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $34.00 in a research report on Tuesday, December 2nd.

Hedge Funds Weigh In On The Pennant Group

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC lifted its position in The Pennant Group by 3.9% in the fourth quarter. SG Americas Securities LLC now owns 15,926 shares of the company’s stock worth $448,000 after buying an additional 600 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of The Pennant Group by 288.4% in the third quarter. JPMorgan Chase & Co. now owns 130,721 shares of the company’s stock valued at $3,297,000 after acquiring an additional 97,061 shares during the period. Tudor Investment Corp ET AL lifted its holdings in shares of The Pennant Group by 317.4% in the 3rd quarter. Tudor Investment Corp ET AL now owns 207,220 shares of the company’s stock worth $5,226,000 after acquiring an additional 157,574 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings 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 worth $86,000 after acquiring an additional 2,946 shares during the last quarter. Finally, Provident Investment Management Inc. purchased a new position in shares of The Pennant Group during the 3rd quarter worth about $6,685,000. Institutional investors own 85.88% of the company’s stock.

The Pennant Group Stock Down 3.3%

Shares of PNTG stock opened at $28.13 on Tuesday. The company’s fifty day simple moving average is $27.78 and its two-hundred day simple moving average is $25.85. The Pennant Group has a 52 week low of $21.18 and a 52 week high of $30.46. The stock has a market cap of $973.02 million, a P/E ratio of 37.51, a PEG ratio of 1.91 and a beta of 1.28. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.08.

The Pennant Group (NASDAQ:PNTG) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The Pennant Group had a return on equity of 9.37% and a net margin of 3.15%.The firm had revenue of $229.04 million during the quarter, compared to analyst estimates of $221.96 million. The Pennant Group has set its FY 2025 guidance at 1.140-1.180 EPS. Analysts predict that The Pennant Group will post 0.75 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.