Shares of The Joint Corp. (NASDAQ:JYNT) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $4.86 and last traded at $4.98, with a volume of 42,252 shares changing hands. The stock had previously closed at $4.43.

Several analysts recently issued reports on the stock. Maxim Group restated a “buy” rating and issued a $7.00 price objective on shares of The Joint Corp. in a report on Friday, August 11th. Roth Capital assumed coverage on shares of The Joint Corp. in a report on Thursday, July 27th. They issued a “buy” rating and a $5.70 price objective on the stock. ValuEngine upgraded shares of The Joint Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. Zacks Investment Research upgraded shares of The Joint Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Finally, Craig Hallum assumed coverage on shares of The Joint Corp. in a report on Wednesday, June 14th. They issued a “buy” rating and a $5.75 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $5.61.

The stock’s market capitalization is $63.65 million. The firm’s 50-day moving average is $3.86 and its 200-day moving average is $3.87.

The Joint Corp. (NASDAQ:JYNT) last released its quarterly earnings data on Thursday, August 10th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The company had revenue of $6.02 million for the quarter, compared to the consensus estimate of $5.76 million. The Joint Corp. had a negative return on equity of 103.25% and a negative net margin of 48.08%. On average, analysts anticipate that The Joint Corp. will post ($0.33) earnings per share for the current year.

In other news, CFO John P. Meloun acquired 6,850 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were bought at an average cost of $3.69 per share, for a total transaction of $25,276.50. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James H. Amos, Jr. bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were bought at an average price of $3.85 per share, for a total transaction of $38,500.00. Following the completion of the acquisition, the director now owns 57,295 shares in the company, valued at approximately $220,585.75. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 20,670 shares of company stock worth $78,140. Company insiders own 6.10% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Sanders Morris Harris LLC raised its holdings in shares of The Joint Corp. by 0.5% during the 2nd quarter. Sanders Morris Harris LLC now owns 2,619,807 shares of the company’s stock valued at $9,955,000 after buying an additional 12,000 shares during the period. Captrust Financial Advisors purchased a new stake in shares of The Joint Corp. during the 2nd quarter valued at about $791,000. Boston Partners raised its holdings in shares of The Joint Corp. by 13.1% during the 2nd quarter. Boston Partners now owns 150,900 shares of the company’s stock valued at $573,000 after buying an additional 17,500 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of The Joint Corp. by 24.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 87,900 shares of the company’s stock valued at $334,000 after buying an additional 17,500 shares during the period. Finally, White Pine Capital LLC raised its holdings in shares of The Joint Corp. by 44.2% during the 2nd quarter. White Pine Capital LLC now owns 55,500 shares of the company’s stock valued at $211,000 after buying an additional 17,000 shares during the period. Institutional investors and hedge funds own 47.03% of the company’s stock.

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The Joint Corp. Company Profile

The Joint Corp. develops, owns, operates, supports and manages chiropractic clinics through direct ownership, management arrangements, franchising and the sale of regional developer rights throughout the United States. The Company is franchisor and operator of chiropractic clinics. The Company offers its patients the opportunity to visit its clinics without an appointment and receive prompt attention.