TriplePoint Venture Growth BDC (NYSE:TPVG) Given New $7.00 Price Target at Keefe, Bruyette & Woods

TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) had its price objective decreased by equities researchers at Keefe, Bruyette & Woods from $7.50 to $7.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "market perform" rating on the investment management company's stock. Keefe, Bruyette & Woods' price objective suggests a potential upside of 19.15% from the stock's previous close.

A number of other research analysts also recently commented on TPVG. Compass Point lowered their price target on shares of TriplePoint Venture Growth BDC from $8.00 to $7.25 and set a "neutral" rating for the company in a report on Tuesday, March 18th. Wells Fargo & Company cut TriplePoint Venture Growth BDC from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $7.50 to $6.50 in a report on Monday, March 17th. Finally, Piper Sandler decreased their price target on TriplePoint Venture Growth BDC from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, TriplePoint Venture Growth BDC presently has an average rating of "Hold" and a consensus price target of $7.15.

TriplePoint Venture Growth BDC Stock Performance

NYSE:TPVG traded down $0.11 during trading hours on Tuesday, reaching $5.88. The stock had a trading volume of 539,154 shares, compared to its average volume of 384,439. The stock has a market capitalization of $235.80 million, a PE ratio of 27.98 and a beta of 1.65. TriplePoint Venture Growth BDC has a 52 week low of $5.53 and a 52 week high of $9.73. The company has a 50 day moving average price of $7.29 and a two-hundred day moving average price of $7.40.

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TriplePoint Venture Growth BDC (NYSE:TPVG - Get Free Report) last posted 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 analysts' expectations 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 predict that TriplePoint Venture Growth BDC will post 1.4 EPS for the current year.

Hedge Funds Weigh In On TriplePoint Venture Growth BDC

Hedge funds have recently bought and sold shares of the business. Two Sigma Investments LP boosted its stake in shares of TriplePoint Venture Growth BDC by 21.9% during the fourth quarter. Two Sigma Investments LP now owns 678,034 shares of the investment management company's stock valued at $5,004,000 after purchasing an additional 122,039 shares during the period. Jane Street Group LLC boosted its position in TriplePoint Venture Growth BDC by 712.4% in the 3rd quarter. Jane Street Group LLC now owns 104,997 shares of the investment management company's stock valued at $741,000 after buying an additional 92,072 shares during the period. Millennium Management LLC grew its stake in TriplePoint Venture Growth BDC by 180.1% in the 4th quarter. Millennium Management LLC now owns 120,602 shares of the investment management company's stock worth $890,000 after acquiring an additional 77,551 shares in the last quarter. Alpine Global Management LLC bought a new position in TriplePoint Venture Growth BDC in the 4th quarter worth about $477,000. Finally, Trexquant Investment LP increased its position in shares of TriplePoint Venture Growth BDC by 35.5% during the fourth quarter. Trexquant Investment LP now owns 227,039 shares of the investment management company's stock worth $1,676,000 after acquiring an additional 59,462 shares during the period. Institutional investors own 12.77% of the company's stock.

About TriplePoint Venture Growth BDC

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.