Joint (NASDAQ:JYNT) Rating Increased to Hold at StockNews.com

Joint (NASDAQ:JYNTGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

A number of other analysts have also recently issued reports on the company. Lake Street Capital dropped their price objective on Joint from $150.00 to $100.00 in a report on Friday, February 25th. Zacks Investment Research downgraded shares of Joint from a “buy” rating to a “sell” rating in a report on Tuesday, March 1st. Craig Hallum cut their price objective on shares of Joint from $117.00 to $90.00 in a report on Monday, January 24th. DA Davidson dropped their target price on Joint from $128.00 to $69.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Finally, B. Riley reduced their price objective on shares of Joint from $125.00 to $88.00 in a report on Friday, February 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $85.33.

JYNT opened at $32.66 on Friday. The business has a 50-day moving average of $38.02 and a 200-day moving average of $59.97. Joint has a fifty-two week low of $29.84 and a fifty-two week high of $111.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $470.73 million, a PE ratio of 68.04 and a beta of 1.27.

Joint (NASDAQ:JYNTGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.07). The firm had revenue of $22.43 million for the quarter, compared to analyst estimates of $22.21 million. Joint had a net margin of 8.82% and a return on equity of 26.30%. During the same quarter in the prior year, the firm posted $0.12 EPS. On average, equities research analysts expect that Joint will post 0.33 earnings per share for the current fiscal year.

In other news, CEO Peter D. Holt acquired 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The shares were bought at an average cost of $33.24 per share, with a total value of $49,860.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jake Singleton acquired 1,515 shares of the firm’s stock in a transaction on Wednesday, March 16th. The stock was purchased at an average price of $33.00 per share, for a total transaction of $49,995.00. The disclosure for this purchase can be found here. 4.60% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Walleye Capital LLC bought a new position in shares of Joint during the fourth quarter worth $343,000. Barclays PLC lifted its position in shares of Joint by 20.9% in the 4th quarter. Barclays PLC now owns 18,108 shares of the company’s stock worth $1,190,000 after purchasing an additional 3,126 shares during the period. BlackRock Inc. increased its holdings in shares of Joint by 3.0% in the 4th quarter. BlackRock Inc. now owns 2,194,331 shares of the company’s stock valued at $144,146,000 after acquiring an additional 64,598 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Joint by 10.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 202,551 shares of the company’s stock valued at $13,306,000 after purchasing an additional 18,427 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Joint during the 4th quarter worth $277,000. Institutional investors own 86.71% of the company’s stock.

About Joint (Get Rating)

The Joint Corp. develops, owns, operates, supports, and manages chiropractic clinics. The company operates in two segments, Corporate Clinics and Franchise Operations. It operates through direct ownership, management arrangements, franchising, and regional developers. As of March 1, 2022, the company operated approximately 700 locations in the United States.

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