The Pennant Group (NASDAQ:PNTG) Stock Rating Upgraded by Wall Street Zen

The Pennant Group (NASDAQ:PNTG) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Other research analysts have also recently issued research reports about the company. Weiss Ratings raised The Pennant Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. William Blair started coverage on The Pennant Group in a research report on Monday, December 8th. They set an “outperform” rating on the stock. Royal Bank Of Canada lifted their price target on The Pennant Group from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Wells Fargo & Company lifted their price target on The Pennant Group from $31.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Finally, Zacks Research lowered The Pennant Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, The Pennant Group has an average rating of “Moderate Buy” and a consensus target price of $36.60.

The Pennant Group Stock Up 0.9%

Shares of NASDAQ:PNTG opened at $29.92 on Friday. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 2.06 and a beta of 1.30. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. The Pennant Group has a 12-month low of $21.73 and a 12-month high of $35.00. The business’s 50 day moving average is $31.40 and its 200 day moving average is $28.55.

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

Institutional Investors Weigh In On The Pennant Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its stake in shares of The Pennant Group by 154.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,182 shares of the company’s stock valued at $33,000 after acquiring an additional 717 shares during the last quarter. Quarry LP purchased a new position in shares of The Pennant Group during the 3rd quarter worth approximately $37,000. State of Alaska Department of Revenue purchased a new position in shares of The Pennant Group during the 3rd quarter worth approximately $54,000. Quadrant Capital Group LLC grew its holdings in shares of The Pennant Group by 608.7% during the 4th quarter. Quadrant Capital Group LLC now owns 3,182 shares of the company’s stock worth $90,000 after acquiring an additional 2,733 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake 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 buying an additional 2,946 shares during the last quarter. Institutional investors own 85.88% of the company’s stock.

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.