TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) Receives $7.70 Consensus Price Target from Analysts

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) has been assigned a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have covered the stock in the last year is $7.70.

TPVG has been the subject of a number of recent analyst reports. StockNews.com raised TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Compass Point raised their price target on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods upgraded shares of TriplePoint Venture Growth BDC from an “underperform” rating to a “market perform” rating and decreased their price objective for the company from $8.00 to $7.50 in a report on Thursday, November 7th. Piper Sandler cut their target price on shares of TriplePoint Venture Growth BDC from $8.00 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Wells Fargo & Company upped 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.

Institutional Trading of TriplePoint Venture Growth BDC

A number of institutional investors have recently modified their holdings of the stock. Millennium Management LLC boosted its position in shares of TriplePoint Venture Growth BDC by 169.5% during the 2nd quarter. Millennium Management LLC now owns 432,206 shares of the investment management company’s stock worth $3,471,000 after acquiring an additional 271,824 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of TriplePoint Venture Growth BDC by 435.6% in the 3rd quarter. International Assets Investment Management LLC now owns 107,630 shares of the investment management company’s stock valued at $760,000 after purchasing an additional 87,535 shares in the last quarter. Diversify Advisory Services LLC increased its stake in shares of TriplePoint Venture Growth BDC by 31.2% in the 3rd quarter. Diversify Advisory Services LLC now owns 14,191 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 3,378 shares during the last quarter. Diversify Wealth Management LLC bought a new position in shares of TriplePoint Venture Growth BDC in the 3rd quarter valued at $82,000. Finally, Aigen Investment Management LP acquired a new position in shares of TriplePoint Venture Growth BDC during the 3rd quarter worth $138,000. 12.77% of the stock is currently owned by institutional investors.

TriplePoint Venture Growth BDC Stock Performance

Shares of TPVG stock opened at $7.78 on Friday. TriplePoint Venture Growth BDC has a 52-week low of $6.44 and a 52-week high of $11.17. The stock has a market cap of $311.67 million, a price-to-earnings ratio of 37.06 and a beta of 1.88. The firm’s 50-day moving average is $7.70 and its 200-day moving average is $7.52.

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.