In a report released today, Casey Alexander from Compass Point reiterated a Buy rating on TriplePoint Venture Growth (NYSE: TPVG), with a price target of $14.50. The company’s shares opened today at $13.77, close to its 52-week high of $14.19.
Alexander has an average return of 15.2% when recommending TriplePoint Venture Growth.
According to TipRanks.com, Alexander is ranked #2493 out of 4839 analysts.
Currently, the analyst consensus on TriplePoint Venture Growth is a Moderate Buy with an average price target of $14.25.
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The company has a one-year high of $14.19 and a one-year low of $11.12. Currently, TriplePoint Venture Growth has an average volume of 86.47K.
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TriplePoint Venture Growth BDC Corp. is a business development company that seeks investment opportunities in companies located primarily in the US, UK, and Israel. The fund focuses on companies operating in the fields of biofuels, business applications software, wireless communications equipment, e-commerce, clothing & accessories, conferencing equipment & services, personal goods, financial institutions & services, entertainment, mixed retailing, and healthcare services. It provides financing in the form of growth capital loans with an investment size ranging from $5 million to $50 million, equipment financings with an investment ranging from $5 million to $25 million, revolving loans with an investment ranging from $1 million to $25 million, direct equity investment transactions with an investment size ranging from $0.1 to $5 million, and warrants.
