Joint Corp (NASDAQ:JYNT) has been assigned an average rating of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $10.00.
Separately, DA Davidson started coverage on Joint in a research report on Thursday, January 17th. They set a “buy” rating and a $10.00 price objective for the company.
Get Joint alerts:Shares of NASDAQ JYNT traded up $0.02 during trading hours on Monday, reaching $9.17. The stock had a trading volume of 51,550 shares, compared to its average volume of 26,194. Joint has a fifty-two week low of $4.67 and a fifty-two week high of $9.64. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75. The stock has a market cap of $126.18 million, a PE ratio of -36.68, a price-to-earnings-growth ratio of 3.12 and a beta of 0.62.
In related news, Director James H. Amos, Jr. acquired 5,000 shares of the firm’s stock in a transaction on Thursday, December 20th. The stock was bought at an average cost of $6.79 per share, with a total value of $33,950.00. Following the transaction, the director now owns 77,797 shares of the company’s stock, valued at $528,241.63. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of JYNT. Northern Trust Corp raised its stake in shares of Joint by 16.1% during the 4th quarter. Northern Trust Corp now owns 16,614 shares of the company’s stock worth $138,000 after buying an additional 2,300 shares in the last quarter. Alambic Investment Management L.P. purchased a new position in shares of Joint during the 4th quarter worth approximately $152,000. Globeflex Capital L P purchased a new position in shares of Joint during the 4th quarter worth approximately $210,000. Advisory Services Network LLC raised its stake in shares of Joint by 42.6% during the 3rd quarter. Advisory Services Network LLC now owns 27,780 shares of the company’s stock worth $238,000 after buying an additional 8,299 shares in the last quarter. Finally, Perkins Capital Management Inc. raised its stake in shares of Joint by 33.0% during the 3rd quarter. Perkins Capital Management Inc. now owns 68,500 shares of the company’s stock worth $586,000 after buying an additional 17,000 shares in the last quarter. 50.70% of the stock is owned by institutional investors.
About Joint
The Joint Corp. develops, owns, operates, supports, and manages chiropractic clinics in the United States. It operates through direct ownership, management arrangements, franchising, and the sale of regional developer rights. As of August 9, 2018, the company operated approximately 400 clinics. The company was founded in 2010 and is headquartered in Scottsdale, Arizona.
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