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

TriplePoint Venture Growth BDC (NYSE:TPVG) issued its quarterly earnings results on Wednesday. The investment management company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03), Zacks reports. TriplePoint Venture Growth BDC had a return on equity of 16.86% and a net margin of 9.01%. The business had revenue of $25.75 million for the quarter, compared to analyst estimates of $26.68 million.

TriplePoint Venture Growth BDC Stock Performance

Shares of NYSE TPVG opened at $7.79 on Thursday. TriplePoint Venture Growth BDC has a fifty-two week low of $6.44 and a fifty-two week high of $11.01. The stock has a market cap of $311.78 million, a price-to-earnings ratio of 37.07 and a beta of 1.88. The firm’s 50-day simple moving average is $7.77 and its 200 day simple moving average is $7.51.

Analyst Ratings Changes

A number of brokerages have weighed in on TPVG. StockNews.com upgraded TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods raised shares of TriplePoint Venture Growth BDC from an “underperform” rating to a “market perform” rating and cut their price objective for the stock from $8.00 to $7.50 in a research report on Thursday, November 7th. Compass Point increased their price objective on shares of TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Wells Fargo & Company increased their price objective on shares of TriplePoint Venture Growth BDC from $6.50 to $7.50 and gave the stock an “equal weight” rating in a research report on Tuesday, November 19th. Finally, Piper Sandler cut their price objective on shares of 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 equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.70.

TriplePoint Venture Growth BDC Company Profile

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.