TriplePoint Venture Growth BDC Corp (NYSE:TPVG) has received a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. TriplePoint Venture Growth BDC’s rating score has improved by 28.3% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a one year consensus price objective of $13.75 for the company and are predicting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also given TriplePoint Venture Growth BDC an industry rank of 209 out of 265 based on the ratings given to related companies.
A number of analysts recently commented on TPVG shares. Compass Point upgraded shares of TriplePoint Venture Growth BDC from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 28th. ValuEngine cut shares of TriplePoint Venture Growth BDC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 16th. Zacks Investment Research upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Ladenburg Thalmann Financial Services started coverage on shares of TriplePoint Venture Growth BDC in a research note on Tuesday, December 12th. They issued a “neutral” rating for the company.
TriplePoint Venture Growth BDC (NYSE TPVG) traded up $0.30 during mid-day trading on Tuesday, reaching $12.50. 30,863 shares of the company were exchanged, compared to its average volume of 81,153. The firm has a market cap of $209.35, a PE ratio of 8.70, a PEG ratio of 0.83 and a beta of 1.23. TriplePoint Venture Growth BDC has a one year low of $11.60 and a one year high of $14.41.
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TriplePoint Venture Growth BDC Company Profile
TriplePoint Venture Growth BDC Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC’s (TPC) select group of venture capital investors.
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