Charles Jobson Buys 15,397 Shares of Joint (NASDAQ:JYNT) Stock

The Joint Corp. (NASDAQ:JYNT) major shareholder Charles Jobson purchased 15,397 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was acquired at an average price of $8.50 per share, for a total transaction of $130,874.50. Following the completion of the purchase, the insider owned 1,645,294 shares of the company’s stock, valued at $13,984,999. This represents a 0.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Joint Stock Performance

JYNT opened at $9.01 on Thursday. The Joint Corp. has a one year low of $7.50 and a one year high of $13.47. The company has a market cap of $133.98 million, a P/E ratio of -150.14 and a beta of 1.35. The business’s 50-day simple moving average is $9.28 and its 200-day simple moving average is $9.31.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JYNT shares. B. Riley Financial cut shares of Joint from a “buy” rating to a “hold” rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Joint in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Joint has an average rating of “Hold” and an average target price of $17.00.

Institutional Trading of Joint

A number of large investors have recently bought and sold shares of JYNT. Skylands Capital LLC raised its holdings in shares of Joint by 6.9% in the fourth quarter. Skylands Capital LLC now owns 890,045 shares of the company’s stock valued at $7,761,000 after buying an additional 57,767 shares during the last quarter. JCP Investment Management LLC increased its position in Joint by 24.0% in the 3rd quarter. JCP Investment Management LLC now owns 593,906 shares of the company’s stock valued at $5,666,000 after acquiring an additional 115,062 shares during the period. Topline Capital Management LLC raised its stake in Joint by 18.7% during the 2nd quarter. Topline Capital Management LLC now owns 449,204 shares of the company’s stock valued at $5,184,000 after acquiring an additional 70,910 shares during the last quarter. Geode Capital Management LLC lifted its position in Joint by 17.6% during the 2nd quarter. Geode Capital Management LLC now owns 345,330 shares of the company’s stock worth $3,986,000 after acquiring an additional 51,704 shares during the period. Finally, State Street Corp grew its stake in shares of Joint by 0.8% in the 4th quarter. State Street Corp now owns 292,123 shares of the company’s stock valued at $2,547,000 after purchasing an additional 2,341 shares during the last quarter. Institutional investors and hedge funds own 76.88% of the company’s stock.

Joint Company Profile

The Joint Chiropractic, Inc, doing business as Joint (NASDAQ: JYNT), is a franchisor and operator of outpatient chiropractic clinics in the United States. Under its flagship The Joint Chiropractic brand, the company offers membership-based, cash-focused spinal adjustment services designed to promote accessible, routine care for neck and back discomfort. By removing insurance requirements and offering walk-in visits, Joint aims to streamline the patient experience and reduce cost barriers to ongoing chiropractic treatment.

Joint’s growth strategy centers on partnering with franchisees to expand its network of clinics.