TriplePoint Venture Growth BDC (NYSE:TPVG) Issues Earnings Results

TriplePoint Venture Growth BDC (NYSE:TPVG) released its quarterly earnings results on Wednesday. The investment management company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03), Zacks reports. TriplePoint Venture Growth BDC had a net margin of 9.01% and a return on equity of 16.86%.

TriplePoint Venture Growth BDC Trading Down 1.8 %

Shares of TPVG traded down $0.15 during midday trading on Wednesday, reaching $7.79. The stock had a trading volume of 395,778 shares, compared to its average volume of 387,649. The firm has a 50 day simple moving average of $7.76 and a 200-day simple moving average of $7.50. The firm has a market cap of $311.78 million, a PE ratio of 37.07 and a beta of 1.88. TriplePoint Venture Growth BDC has a one year low of $6.44 and a one year high of $11.01.

Analyst Ratings Changes

TPVG has been the topic of a number of recent research reports. Compass Point lifted their target price on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. StockNews.com upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Wells Fargo & Company lifted their price target on shares of TriplePoint Venture Growth BDC from $6.50 to $7.50 and gave the company an “equal weight” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods upgraded shares of TriplePoint Venture Growth BDC from an “underperform” rating to a “market perform” rating and reduced their price objective for the stock from $8.00 to $7.50 in a research note on Thursday, November 7th. Finally, Piper Sandler lowered their target price on TriplePoint Venture Growth BDC from $8.00 to $7.50 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, TriplePoint Venture Growth BDC presently has a consensus rating of “Hold” and a consensus target price of $7.70.

About TriplePoint Venture Growth BDC

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.