Brokerages Set The Pennant Group, Inc. (NASDAQ:PNTG) PT at $39.00

Shares of The Pennant Group, Inc. (NASDAQ:PNTG) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $39.00.

A number of equities analysts have recently weighed in on PNTG shares. Truist Financial boosted their price objective on shares of The Pennant Group from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Weiss Ratings lowered shares of The Pennant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada upped their price target on shares of The Pennant Group from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Wells Fargo & Company upped their price target on shares of The Pennant Group from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th.

Hedge Funds Weigh In On The Pennant Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Van Berkom & Associates Inc. increased its position in The Pennant Group by 10.1% during the third quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock worth $78,505,000 after purchasing an additional 284,856 shares during the last quarter. Vanguard Group Inc. increased its position in The Pennant Group by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 2,049,968 shares of the company’s stock worth $57,707,000 after purchasing an additional 82,071 shares during the last quarter. Wasatch Advisors LP grew its stake in The Pennant Group by 143.2% during the first quarter. Wasatch Advisors LP now owns 1,418,687 shares of the company’s stock worth $43,242,000 after buying an additional 835,227 shares during the period. Ophir Asset Management Pty Ltd grew its stake in The Pennant Group by 24.1% during the fourth quarter. Ophir Asset Management Pty Ltd now owns 1,326,850 shares of the company’s stock worth $37,351,000 after buying an additional 257,840 shares during the period. Finally, Geode Capital Management LLC grew its stake in The Pennant Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 820,048 shares of the company’s stock worth $23,089,000 after buying an additional 3,875 shares during the period. Institutional investors and hedge funds own 85.88% of the company’s stock.

The Pennant Group Stock Performance

NASDAQ:PNTG opened at $35.55 on Monday. The firm has a 50 day simple moving average of $31.92 and a 200-day simple moving average of $29.91. 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 $1.24 billion, a PE ratio of 41.82, a P/E/G ratio of 2.39 and a beta of 1.28. The Pennant Group has a 1-year low of $21.73 and a 1-year high of $37.54.

The Pennant Group (NASDAQ:PNTG) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $285.36 million during the quarter, compared to analyst estimates of $280.75 million. The Pennant Group had a net margin of 2.96% and a return on equity of 10.07%. 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.