Joint (JYNT) Upgraded by ValuEngine to Strong-Buy

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Joint (NASDAQ:JYNT) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

Separately, DA Davidson initiated coverage on shares of Joint in a research note on Thursday, January 17th. They set a “buy” rating and a $10.00 target price for the company. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $10.44.

Shares of NASDAQ:JYNT traded up $1.18 during trading on Wednesday, reaching $10.82. 527,292 shares of the company traded hands, compared to its average volume of 24,603. The firm has a market capitalization of $148.56 million, a P/E ratio of -43.28, a price-to-earnings-growth ratio of 3.16 and a beta of 0.62. Joint has a 1-year low of $4.67 and a 1-year high of $9.80. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75.

In related news, Director James H. Amos, Jr. bought 5,000 shares of the firm’s stock in a transaction on Thursday, December 20th. The stock was bought at an average price of $6.79 per share, with a total value of $33,950.00. Following the purchase, the director now directly owns 77,797 shares of the company’s stock, valued at approximately $528,241.63. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.20% of the company’s stock.

Large investors have recently modified their holdings of the business. Northern Trust Corp boosted 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 valued at $138,000 after buying an additional 2,300 shares during the period. Alambic Investment Management L.P. acquired a new stake in shares of Joint during the 4th quarter valued at $152,000. Globeflex Capital L P acquired a new stake in shares of Joint during the 4th quarter valued at $210,000. Advisory Services Network LLC boosted 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 valued at $238,000 after buying an additional 8,299 shares during the period. Finally, Granite Investment Partners LLC boosted its stake in shares of Joint by 40.5% during the 3rd quarter. Granite Investment Partners LLC now owns 79,492 shares of the company’s stock valued at $680,000 after buying an additional 22,900 shares during the period. 47.62% of the stock is owned by institutional investors.

Joint Company Profile

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.

Further Reading: When is a capital gain realized?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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