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

TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $7.70.

A number of brokerages have weighed in on TPVG. 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 report on Thursday, November 7th. Wells Fargo & Company upped 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 report on Tuesday, November 19th. StockNews.com upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods upgraded 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 report on Thursday, November 7th. Finally, Compass Point upped 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 report on Thursday, December 5th.

Institutional Investors Weigh In On TriplePoint Venture Growth BDC

Institutional investors have recently made changes to their positions in the company. Millennium Management LLC grew its holdings in shares of TriplePoint Venture Growth BDC by 169.5% during the second quarter. Millennium Management LLC now owns 432,206 shares of the investment management company’s stock valued at $3,471,000 after buying an additional 271,824 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of TriplePoint Venture Growth BDC by 435.6% during the third quarter. International Assets Investment Management LLC now owns 107,630 shares of the investment management company’s stock valued at $760,000 after buying an additional 87,535 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of TriplePoint Venture Growth BDC by 712.4% during the third quarter. Jane Street Group LLC now owns 104,997 shares of the investment management company’s stock valued at $741,000 after buying an additional 92,072 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of TriplePoint Venture Growth BDC by 214.3% during the third quarter. BNP Paribas Financial Markets now owns 13,200 shares of the investment management company’s stock valued at $93,000 after buying an additional 9,000 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in TriplePoint Venture Growth BDC during the third quarter valued at approximately $118,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

TriplePoint Venture Growth BDC Price Performance

Shares of NYSE TPVG opened at $7.88 on Friday. TriplePoint Venture Growth BDC has a 1 year low of $6.44 and a 1 year high of $11.17. The company’s 50-day moving average is $7.65 and its 200 day moving average is $7.50. The stock has a market capitalization of $315.39 million, a P/E ratio of 37.50 and a beta of 1.88.

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.