The Pennant Group (NASDAQ:PNTG) Stock Falls 8.7% – Here’s What Happened

Posted by Brenda Bartman on Nov 8th, 2026

The Pennant Group, Inc. (NASDAQ:PNTG – Get Free Report) dropped 8.7% during mid-day trading on Friday. The stock traded as low as $36.60 and last traded at $36.5210. 776,664 shares were traded during mid-day trading, an increase of 155% from the average session volume of 304,323 shares. The stock had previously closed at $40.00.

The Pennant Group News Roundup

Here are the key news stories impacting The Pennant Group this week:

Positive Sentiment: RBC raised its price target to $48 from $44 and maintained an Outperform rating. RBC Raises Price Target on Pennant Group
Positive Sentiment: Oppenheimer also lifted its target, to $50 from $47, and reiterated an Outperform rating—suggesting continued analyst confidence in the company’s prospects.
Positive Sentiment: Q3 coverage said Pennant beat earnings and sales expectations, a supportive signal for demand and financial performance. Pennant Group Earnings Beat Pennant Group Beats Q3 Sales Expectations
Neutral Sentiment: For FY 2026, Pennant guided to EPS of $1.34–$1.41, straddling the $1.36 consensus, and revenue of $1.2 billion, in line with expectations. The range offers limited upside versus consensus, while its lower end is below it.
Negative Sentiment: A Q3 analysis highlighted margin pressure and integration challenges as risks to the outlook. These concerns may temper the impact of the earnings beat and analyst target increases. Q3 Deep Dive: Margin Pressure and Integration Challenges

Wall Street Analyst Weigh In

A number of analysts have recently commented on PNTG shares. Truist Financial lifted 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. Oppenheimer upped their target price on The Pennant Group from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday. Royal Bank Of Canada raised their price target on The Pennant Group from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday. Weiss Ratings raised The Pennant Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen lowered The Pennant Group from a “buy” rating to a “hold” rating in a research report on Saturday. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Read Our Latest Analysis on The Pennant Group

The Pennant Group Stock Performance

The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 2.37 and a beta of 1.33. The stock’s 50 day moving average is $40.16 and its two-hundred day moving average is $35.70. The company has a current ratio of 1.18, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46.

The Pennant Group (NASDAQ:PNTG – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The Pennant Group had a net margin of 3.05% and a return on equity of 10.23%. The business had revenue of $302.25 million during the quarter, compared to analyst estimates of $299.34 million. Analysts anticipate that The Pennant Group, Inc. will post 1.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The Pennant Group

A number of hedge funds and other institutional investors have recently made changes to their positions in PNTG. Aberdeen Group plc acquired a new position in The Pennant Group in the 3rd quarter valued at about $135,757,000. Bridge City Capital LLC raised its stake in The Pennant Group by 18.6% during the 3rd quarter. Bridge City Capital LLC now owns 70,054 shares of the company’s stock valued at $2,732,000 after acquiring an additional 10,971 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in The Pennant Group during the 3rd quarter worth approximately $1,279,000. Sigma Planning Corp acquired a new stake in The Pennant Group during the 3rd quarter worth approximately $1,573,000. Finally, Sterling Capital Management LLC grew its stake in shares of The Pennant Group by 846.7% in the 3rd quarter. Sterling Capital Management LLC now owns 1,136 shares of the company’s stock valued at $44,000 after purchasing an additional 1,016 shares during the last quarter. Hedge funds and other institutional investors own 85.88% of the company’s stock.

About The Pennant Group

(Get Free Report)

The Pennant Group, Inc is a healthcare services company that operates home health, hospice and senior living businesses in the United States. Through its affiliated agencies and communities, the company provides skilled nursing, physical, occupational and speech therapy, personal care, hospice and palliative services, assisted living, and other support for older adults and individuals recovering from illness or injury.

Pennant’s home health and hospice operations serve patients in their homes and other residential settings, while its senior living segment operates communities that provide assisted living and related services.