The Pennant Group (NASDAQ:PNTG) Price Target Raised to $41.00

The Pennant Group (NASDAQ:PNTG) had its price objective hoisted by stock analysts at Royal Bank Of Canada from $39.00 to $41.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 22.50% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company lifted their price target on The Pennant Group from $31.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. William Blair started coverage on shares of The Pennant Group in a report on Monday, December 8th. They set an “outperform” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of The Pennant Group in a report on Monday, December 29th. Wall Street Zen upgraded shares of The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Zacks Research downgraded shares of The Pennant Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.60.

The Pennant Group Stock Performance

Shares of NASDAQ PNTG traded down $0.24 during mid-day trading on Monday, hitting $33.47. The stock had a trading volume of 82,548 shares, compared to its average volume of 304,156. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.04 and a current ratio of 1.14. The Pennant Group has a twelve month low of $21.18 and a twelve month high of $35.00. The firm has a market cap of $1.16 billion, a PE ratio of 40.20, a PEG ratio of 2.34 and a beta of 1.23. The company has a 50 day moving average of $29.88 and a two-hundred day moving average of $27.20.

The Pennant Group (NASDAQ:PNTG) last posted 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 Pennant Group had a net margin of 3.12% and a return on equity of 10.10%. The company had revenue of $289.32 million during the quarter, compared to analyst estimates of $275.20 million. The Pennant Group has set its FY 2026 guidance at 1.260-1.360 EPS. Research analysts predict that The Pennant Group will post 0.75 EPS for the current fiscal year.

Hedge Funds Weigh In On The Pennant Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in The Pennant Group during the 4th quarter valued at about $243,000. Wellington Management Group LLP boosted its stake in The Pennant Group by 71.1% during the fourth quarter. Wellington Management Group LLP now owns 817,914 shares of the company’s stock worth $23,024,000 after buying an additional 339,870 shares during the last quarter. Ophir Asset Management Pty Ltd increased its stake in shares of The Pennant Group by 24.1% in the 4th quarter. Ophir Asset Management Pty Ltd now owns 1,326,850 shares of the company’s stock worth $37,351,000 after acquiring an additional 257,840 shares during the last quarter. Millennium Management LLC boosted its position in shares of The Pennant Group by 69.6% during the 4th quarter. Millennium Management LLC now owns 203,414 shares of the company’s stock valued at $5,726,000 after acquiring an additional 83,457 shares during the last quarter. Finally, Eversept Partners LP grew its holdings in shares of The Pennant Group by 674.0% in the fourth quarter. Eversept Partners LP now owns 293,960 shares of the company’s stock valued at $8,275,000 after purchasing an additional 255,980 shares during the period. 85.88% of the stock is currently owned by institutional investors and hedge funds.

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.