Joint (NASDAQ:JYNT) Stock Rating Upgraded by StockNews.com

Joint (NASDAQ:JYNT) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

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.

Joint Stock Down 1.4 %

NASDAQ JYNT opened at $11.06 on Friday. The company has a 50-day simple moving average of $11.31 and a two-hundred day simple moving average of $12.94. The firm has a market cap of $165.68 million, a price-to-earnings ratio of -9.70 and a beta of 1.57. Joint has a 12-month low of $8.29 and a 12-month high of $17.82.

Institutional Trading of Joint

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. raised its stake in Joint by 8.9% in the first quarter. Russell Investments Group Ltd. now owns 90,147 shares of the company’s stock worth $1,177,000 after buying an additional 7,375 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Joint by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,464 shares of the company’s stock worth $229,000 after buying an additional 837 shares in the last quarter. Ancora Advisors LLC raised its stake in Joint by 105.0% in the first quarter. Ancora Advisors LLC now owns 99,212 shares of the company’s stock worth $1,296,000 after buying an additional 50,815 shares in the last quarter. Avondale Wealth Management raised its stake in Joint by 15.8% in the second quarter. Avondale Wealth Management now owns 22,000 shares of the company’s stock worth $309,000 after buying an additional 3,000 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Joint in the second quarter worth about $1,115,000. 76.88% of the stock is currently owned by hedge funds and other institutional investors.

Joint Company Profile

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.