TriplePoint Venture Growth BDC (NYSE:TPVG) Releases Earnings Results, Misses Expectations By $0.03 EPS

TriplePoint Venture Growth BDC (NYSE:TPVG) released its quarterly earnings data on Wednesday. The investment management company reported $0.32 EPS for the quarter, missing the consensus estimate 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%.

TriplePoint Venture Growth BDC Stock Performance

TriplePoint Venture Growth BDC stock traded down $0.15 during mid-day trading on Wednesday, hitting $7.79. 393,446 shares of the company traded hands, compared to its average volume of 387,639. The stock has a fifty day moving average price of $7.76 and a 200-day moving average price of $7.50. The stock has a market cap of $311.78 million, a price-to-earnings ratio of 37.07 and a beta of 1.88. TriplePoint Venture Growth BDC has a one year low of $6.44 and a one year high of $11.01.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TPVG shares. Compass Point lifted their price target on TriplePoint Venture Growth BDC from $7.50 to $8.00 and gave the company a “neutral” rating in a research 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 cut their price objective for the company from $8.00 to $7.50 in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price objective 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. Piper Sandler lowered their target price on shares of TriplePoint Venture Growth BDC from $8.00 to $7.50 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of TriplePoint Venture Growth BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TriplePoint Venture Growth BDC has a consensus rating of “Hold” and an average price target of $7.70.

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.