Joint (NASDAQ:JYNT) Upgraded at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Joint (NASDAQ:JYNT – Free Report) from a hold rating to a buy rating in a research note published on Friday morning.

Separately, Roth Mkm dropped their target price on shares of Joint from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, November 8th.

Check Out Our Latest Stock Report on Joint

Joint Price Performance

Shares of JYNT stock opened at $11.06 on Friday. Joint has a 1-year low of $8.29 and a 1-year high of $17.82. The firm has a market cap of $165.72 million, a PE ratio of -9.70 and a beta of 1.57. The company has a 50-day moving average of $11.31 and a two-hundred day moving average of $12.95.

Institutional Trading of Joint

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of Joint by 1.1% in the third quarter. Geode Capital Management LLC now owns 291,581 shares of the company’s stock valued at $3,336,000 after purchasing an additional 3,043 shares in the last quarter. Barclays PLC grew its stake in shares of Joint by 71.4% in the third quarter. Barclays PLC now owns 25,609 shares of the company’s stock worth $294,000 after acquiring an additional 10,671 shares in the last quarter. O Brien Greene & Co. Inc increased its position in shares of Joint by 3.5% during the third quarter. O Brien Greene & Co. Inc now owns 119,620 shares of the company’s stock worth $1,368,000 after acquiring an additional 4,000 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Joint by 5.4% in the third quarter. BNP Paribas Financial Markets now owns 22,510 shares of the company’s stock valued at $258,000 after acquiring an additional 1,156 shares in the last quarter. Finally, FMR LLC boosted its holdings in Joint by 38.0% in the third quarter. FMR LLC now owns 10,787 shares of the company’s stock valued at $123,000 after purchasing an additional 2,971 shares during the period. 76.88% of the stock is currently owned by hedge funds and other institutional investors.

About Joint

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The Joint Corp. operates and franchises chiropractic clinics in the United States. The company operates in two segments, Corporate Clinics and Franchise Operations. The Joint Corp. was incorporated in 2010 and is headquartered in Scottsdale, Arizona.

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