TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Receives Average Rating of "Hold" from Analysts

Shares of TriplePoint Venture Growth BDC Corp. (NYSE:TPVG - Get Free Report) have earned an average rating of "Hold" from the six analysts that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $7.70.

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

Institutional Trading of TriplePoint Venture Growth BDC

Institutional investors have recently bought and sold shares of the business. McIlrath & Eck LLC purchased a new position in shares of TriplePoint Venture Growth BDC in the third quarter worth about $51,000. EverSource Wealth Advisors LLC raised its holdings in TriplePoint Venture Growth BDC by 25.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,000 shares of the investment management company's stock valued at $74,000 after buying an additional 2,000 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in TriplePoint Venture Growth BDC in the third quarter valued at about $83,000. Diversify Wealth Management LLC purchased a new position in TriplePoint Venture Growth BDC during the third quarter worth about $82,000. Finally, BNP Paribas Financial Markets raised its stake in shares of TriplePoint Venture Growth BDC by 214.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,200 shares of the investment management company's stock valued at $93,000 after acquiring an additional 9,000 shares during the period. 12.77% of the stock is owned by institutional investors and hedge funds.

TriplePoint Venture Growth BDC Price Performance

TPVG traded down $0.05 on Friday, reaching $7.73. 160,335 shares of the stock were exchanged, compared to its average volume of 251,309. The company's 50-day moving average price is $7.69 and its 200 day moving average price is $7.51. The firm has a market capitalization of $309.59 million, a PE ratio of 36.81 and a beta of 1.88. TriplePoint Venture Growth BDC has a fifty-two week low of $6.44 and a fifty-two week high of $11.17.

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.