Joint (NASDAQ:JYNT) Upgraded at StockNews.com

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

Separately, Roth Mkm decreased their target price on shares of Joint from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 8th.

Joint Stock Performance

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

Institutional Investors Weigh In On Joint

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in shares of Joint by 38.0% during the third quarter. FMR LLC now owns 10,787 shares of the company’s stock valued at $123,000 after acquiring an additional 2,971 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Joint during the second quarter valued at approximately $144,000. Sargent Investment Group LLC bought a new stake in shares of Joint during the second quarter valued at approximately $150,000. XTX Topco Ltd bought a new stake in shares of Joint during the second quarter valued at approximately $174,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Joint by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,464 shares of the company’s stock valued at $229,000 after acquiring an additional 837 shares in the last quarter. Institutional investors own 76.88% of the company’s stock.

About Joint

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.