Joint Corp (JYNT) Given Average Rating of “Buy” by Analysts

Shares of Joint Corp (NASDAQ:JYNT) have been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.15.

JYNT has been the topic of several research analyst reports. ValuEngine upgraded shares of Joint from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered shares of Joint from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th.

Joint (NASDAQ:JYNT) opened at $4.85 on Thursday. Joint has a 52-week low of $3.06 and a 52-week high of $6.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $65.29, a P/E ratio of -7.03 and a beta of 1.53.

Joint (NASDAQ:JYNT) last posted its quarterly earnings data on Thursday, November 9th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. Joint had a negative net margin of 36.74% and a negative return on equity of 98.28%. The firm had revenue of $6.55 million for the quarter, compared to analysts’ expectations of $6.28 million. equities analysts anticipate that Joint will post -0.27 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its stake in shares of Joint by 24.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 87,900 shares of the company’s stock valued at $334,000 after buying an additional 17,500 shares during the period. Boston Partners boosted its stake in shares of Joint by 25.4% during the 3rd quarter. Boston Partners now owns 189,200 shares of the company’s stock valued at $901,000 after buying an additional 38,300 shares during the period. Finally, Skylands Capital LLC boosted its stake in shares of Joint by 11.0% during the 4th quarter. Skylands Capital LLC now owns 612,529 shares of the company’s stock valued at $3,038,000 after buying an additional 60,900 shares during the period. 45.24% of the stock is owned by institutional investors.

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Joint Company Profile

The Joint Corp. develops, owns, operates, supports and manages chiropractic clinics through direct ownership, management arrangements, franchising and the sale of regional developer rights throughout the United States. The Company is franchisor and operator of chiropractic clinics. The Company offers its patients the opportunity to visit its clinics without an appointment and receive prompt attention.

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