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.
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.
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.
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