TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Receives Consensus Rating of “Hold” from Brokerages

Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) have been given an average recommendation of “Hold” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $7.70.

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods raised shares of TriplePoint Venture Growth BDC from an “underperform” rating to a “market perform” rating and dropped their target price for the stock from $8.00 to $7.50 in a research note on Thursday, November 7th. StockNews.com upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Piper Sandler increased their price objective on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday. Wells Fargo & Company upped their target price on shares of TriplePoint Venture Growth BDC from $6.50 to $7.50 and gave the company an “equal weight” rating in a research report on Tuesday, November 19th. Finally, Compass Point increased their price target on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th.

TriplePoint Venture Growth BDC Stock Down 5.0 %

TPVG stock traded down $0.39 during midday trading on Thursday, reaching $7.36. 217,995 shares of the company’s stock traded hands, compared to its average volume of 388,014. The company has a 50-day simple moving average of $7.77 and a two-hundred day simple moving average of $7.51. TriplePoint Venture Growth BDC has a 1-year low of $6.44 and a 1-year high of $11.01. The company has a market cap of $294.80 million, a price-to-earnings ratio of 34.83 and a beta of 1.88.

TriplePoint Venture Growth BDC (NYSE:TPVG) last announced its earnings results on Wednesday, March 5th. The investment management company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business had revenue of $25.75 million during the quarter, compared to analyst estimates of $26.68 million. TriplePoint Venture Growth BDC had a net margin of 9.01% and a return on equity of 16.86%. Equities research analysts forecast that TriplePoint Venture Growth BDC will post 1.4 EPS for the current year.

Institutional Trading of TriplePoint Venture Growth BDC

Several hedge funds have recently added to or reduced their stakes in TPVG. Summit Securities Group LLC bought a new stake in shares of TriplePoint Venture Growth BDC in the fourth quarter worth about $41,000. McIlrath & Eck LLC acquired a new position in shares of TriplePoint Venture Growth BDC in the 3rd quarter valued at approximately $51,000. EverSource Wealth Advisors LLC increased its stake in TriplePoint Venture Growth BDC by 25.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 10,000 shares of the investment management company’s stock worth $74,000 after purchasing an additional 2,000 shares in the last quarter. Avenir Corp acquired a new stake in TriplePoint Venture Growth BDC during the 4th quarter worth approximately $74,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in TriplePoint Venture Growth BDC in the third quarter valued at approximately $83,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

TriplePoint Venture Growth BDC Company Profile

TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments.