The Pennant Group (NASDAQ:PNTG) Price Target Raised to $36.00

The Pennant Group (NASDAQ:PNTG) had its price objective increased by Truist Financial from $34.00 to $36.00 in a research report report published on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. Wall Street Zen upgraded The Pennant Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Zacks Research downgraded The Pennant Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Wells Fargo & Company raised their price target on The Pennant Group from $31.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Royal Bank Of Canada raised their price target on The Pennant Group from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings upgraded The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, The Pennant Group currently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

The Pennant Group Stock Performance

PNTG stock opened at $30.54 on Monday. The company has a market cap of $1.07 billion, a P/E ratio of 36.80, a price-to-earnings-growth ratio of 2.10 and a beta of 1.30. The Pennant Group has a 1 year low of $21.73 and a 1 year high of $35.00. 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 stock’s fifty day moving average price is $31.80 and its 200-day moving average price is $28.83.

The Pennant Group (NASDAQ:PNTG) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $289.32 million for the quarter, compared to the consensus estimate 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 analysts forecast that The Pennant Group will post 0.75 earnings per share for the current year.

Hedge Funds Weigh In On The Pennant Group

Several large investors have recently made changes to their positions in the business. Van Berkom & Associates Inc. lifted its position in shares of The Pennant Group by 10.1% in the third quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock valued at $78,505,000 after acquiring an additional 284,856 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of The Pennant Group by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company’s stock valued at $57,707,000 after acquiring an additional 82,071 shares in the last quarter. Ophir Asset Management Pty Ltd lifted its position in shares of The Pennant Group by 24.1% in the fourth quarter. Ophir Asset Management Pty Ltd now owns 1,326,850 shares of the company’s stock valued at $37,351,000 after acquiring an additional 257,840 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of The Pennant Group by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 820,048 shares of the company’s stock valued at $23,089,000 after acquiring an additional 3,875 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of The Pennant Group by 71.1% in the fourth quarter. Wellington Management Group LLP now owns 817,914 shares of the company’s stock valued at $23,024,000 after acquiring an additional 339,870 shares in the last quarter. 85.88% of the stock is currently owned by hedge funds and other institutional investors.

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.