Finjan Holdings Inc (FNJN) Receives Average Recommendation of “Strong Buy” from Analysts

Finjan Holdings Inc (NASDAQ:FNJN) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus price target of $6.31 for the company and are anticipating that the company will post ($0.09) earnings per share for the current quarter, according to Zacks. Zacks has also given Finjan an industry rank of 54 out of 257 based on the ratings given to its competitors.

FNJN has been the subject of a number of analyst reports. ValuEngine raised Finjan from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. TheStreet raised Finjan from a “c+” rating to a “b-” rating in a research report on Tuesday, August 14th.

In other news, CEO Philip Hartstein sold 77,500 shares of the firm’s stock in a transaction on Monday, October 8th. The stock was sold at an average price of $5.15, for a total transaction of $399,125.00. Following the completion of the sale, the chief executive officer now directly owns 130,250 shares of the company’s stock, valued at approximately $670,787.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel Robert Chinn sold 5,000 shares of the firm’s stock in a transaction on Monday, October 8th. The shares were sold at an average price of $5.48, for a total value of $27,400.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $27,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,500 shares of company stock valued at $448,325. Insiders own 8.81% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. PEAK6 Investments LLC purchased a new stake in shares of Finjan during the 3rd quarter valued at $101,000. Russell Investments Group Ltd. increased its position in shares of Finjan by 208.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 34,325 shares of the software maker’s stock valued at $150,000 after purchasing an additional 23,206 shares during the last quarter. Sphinx Trading LP purchased a new stake in shares of Finjan during the 2nd quarter valued at $153,000. BlackRock Inc. increased its position in shares of Finjan by 144.4% during the 2nd quarter. BlackRock Inc. now owns 54,696 shares of the software maker’s stock valued at $186,000 after purchasing an additional 32,313 shares during the last quarter. Finally, Spark Investment Management LLC purchased a new stake in shares of Finjan during the 2nd quarter valued at $235,000. 56.70% of the stock is owned by hedge funds and other institutional investors.

NASDAQ FNJN opened at $3.45 on Wednesday. The firm has a market capitalization of $105.43 million, a P/E ratio of 9.86 and a beta of -0.29. Finjan has a 12 month low of $1.69 and a 12 month high of $5.54.

Finjan (NASDAQ:FNJN) last released its quarterly earnings results on Tuesday, November 13th. The software maker reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.18). As a group, equities analysts anticipate that Finjan will post 1.49 earnings per share for the current fiscal year.

About Finjan

Finjan Holdings, Inc, a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally. The company owns a portfolio of patents related to software and hardware technologies that proactively detect malicious code and thereby protects end users from identity and data theft, spyware, malware, phishing, Trojans, and other Web and network threats.

Further Reading: Are all No-Load Funds Equal?

Get a free copy of the Zacks research report on Finjan (FNJN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Finjan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finjan and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit