The Pennant Group (NASDAQ:PNTG) Stock Price Up 6.6% – Still a Buy?

The Pennant Group, Inc. (NASDAQ:PNTG)’s stock price was up 6.6% during mid-day trading on Friday . The company traded as high as $32.28 and last traded at $32.5050. Approximately 57,867 shares traded hands during trading, a decline of 81% from the average daily volume of 297,736 shares. The stock had previously closed at $30.49.

Wall Street Analyst Weigh In

A number of research analysts have commented on PNTG shares. William Blair initiated coverage on The Pennant Group in a report on Monday, December 8th. They issued an “outperform” rating on the stock. Truist Financial upgraded The Pennant Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $28.00 to $34.00 in a research note on Tuesday, December 2nd. Wall Street Zen raised The Pennant Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of The Pennant Group in a report on Friday, December 19th. Finally, Zacks Research downgraded The Pennant Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.20.

The Pennant Group Trading Up 10.3%

The firm’s 50-day simple moving average is $29.79 and its 200 day simple moving average is $27.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 2.30 and a beta of 1.27.

The Pennant Group (NASDAQ:PNTG) last issued its quarterly 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 Pennant Group had a return on equity of 10.41% and a net margin of 3.12%.The company had revenue of $289.32 million for 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. Equities analysts expect that The Pennant Group, Inc. will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PNTG. Van Berkom & Associates Inc. grew its holdings in shares of The Pennant Group by 10.1% during the 3rd quarter. Van Berkom & Associates Inc. now owns 3,112,812 shares of the company’s stock valued at $78,505,000 after purchasing an additional 284,856 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 82,071 shares during the last quarter. Ophir Asset Management Pty Ltd increased its holdings in shares of 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of The Pennant Group by 4.6% during the second quarter. Geode Capital Management LLC now owns 832,481 shares of the company’s stock worth $24,853,000 after buying an additional 36,357 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of The Pennant Group by 71.1% in the 4th 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 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.