Joint (NASDAQ:JYNT) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Joint (NASDAQ:JYNT) from a hold rating to a buy rating in a report issued on Friday.

Separately, Roth Mkm cut their price target on shares of Joint from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, November 8th.

Joint Stock Down 2.4 %

JYNT stock opened at $10.80 on Friday. The company has a market capitalization of $161.83 million, a PE ratio of -9.70 and a beta of 1.57. The stock’s 50 day moving average is $11.31 and its two-hundred day moving average is $12.95. Joint has a 52-week low of $8.38 and a 52-week high of $17.82.

Institutional Trading of Joint

Several institutional investors and hedge funds have recently bought and sold shares of JYNT. Geode Capital Management LLC boosted its holdings in shares of Joint by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 291,581 shares of the company’s stock valued at $3,336,000 after buying an additional 3,043 shares during the period. Barclays PLC boosted its stake in Joint by 71.4% in the third quarter. Barclays PLC now owns 25,609 shares of the company’s stock valued at $294,000 after acquiring an additional 10,671 shares during the period. O Brien Greene & Co. Inc boosted its stake in Joint by 3.5% in the third quarter. O Brien Greene & Co. Inc now owns 119,620 shares of the company’s stock valued at $1,368,000 after acquiring an additional 4,000 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Joint by 5.4% during the third quarter. BNP Paribas Financial Markets now owns 22,510 shares of the company’s stock valued at $258,000 after purchasing an additional 1,156 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Joint by 38.0% in the 3rd quarter. FMR LLC now owns 10,787 shares of the company’s stock worth $123,000 after purchasing an additional 2,971 shares during the last quarter. Institutional investors and hedge funds 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.