Analysts Set The Pennant Group, Inc. (NASDAQ:PNTG) Target Price at $41.00

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

Several research firms recently weighed in on PNTG. Truist Financial increased their target price on The Pennant Group from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings lowered The Pennant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada lifted their price target on The Pennant Group from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Wells Fargo & Company upped their price objective 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. Finally, Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th.

Hedge Funds Weigh In On The Pennant Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its stake in 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 purchasing an additional 717 shares during the period. Quarry LP purchased a new stake in shares of The Pennant Group during the 3rd quarter valued at $37,000. Parallel Advisors LLC increased its holdings in shares of The Pennant Group by 1,186.8% during the 1st quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock worth $42,000 after buying an additional 1,258 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of The Pennant Group by 34.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,568 shares of the company’s stock worth $58,000 after buying an additional 403 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of The Pennant Group by 651.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,398 shares of the company’s stock worth $86,000 after buying an additional 2,946 shares during the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

The Pennant Group Stock Performance

NASDAQ:PNTG opened at $41.34 on Friday. The firm has a 50 day simple moving average of $36.10 and a 200-day simple moving average of $33.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $1.44 billion, a PE ratio of 48.64, a P/E/G ratio of 2.77 and a beta of 1.25. The Pennant Group has a 1-year low of $21.73 and a 1-year high of $42.55.

The Pennant Group (NASDAQ:PNTG) last released its earnings results on Wednesday, May 6th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The Pennant Group had a net margin of 2.96% and a return on equity of 10.07%. The firm had revenue of $285.36 million during the quarter, compared to analysts’ expectations of $280.75 million. On average, equities analysts expect that The Pennant Group will post 1.14 EPS for the current 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.