Zacks: Finjan Holdings Inc (FNJN) Given Average Recommendation of “Strong Buy” by Analysts

Finjan Holdings Inc (NASDAQ:FNJN) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price target of $6.31 for the company and are anticipating that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also given Finjan an industry rank of 25 out of 257 based on the ratings given to related companies.

A number of equities analysts have recently weighed in on the company. TheStreet upgraded Finjan from a “c+” rating to a “b-” rating in a research note on Tuesday, August 14th. ValuEngine lowered Finjan from a “hold” rating to a “sell” rating in a research note on Thursday, November 15th.

Shares of NASDAQ FNJN traded down $0.05 during trading hours on Thursday, reaching $2.61. 7,265 shares of the stock were exchanged, compared to its average volume of 246,551. The firm has a market cap of $74.64 million, a P/E ratio of 7.34 and a beta of -0.48. Finjan has a 52 week low of $1.69 and a 52 week high of $5.54.

Finjan (NASDAQ:FNJN) last announced its earnings results on Tuesday, November 13th. The software maker reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.18). On average, research analysts predict that Finjan will post 1.44 earnings per share for the current fiscal year.

In other Finjan 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 transaction, the chief executive officer now owns 130,250 shares in the company, valued at approximately $670,787.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel Robert Chinn sold 5,000 shares of the firm’s stock in a transaction on Monday, October 8th. The stock was sold at an average price of $5.48, for a total value of $27,400.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $27,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,500 shares of company stock worth $448,325. Corporate insiders own 8.81% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Finjan by 16.4% during the 3rd quarter. Vanguard Group Inc. now owns 827,777 shares of the software maker’s stock worth $3,568,000 after acquiring an additional 116,723 shares during the period. Man Group plc acquired a new stake in shares of Finjan in the 3rd quarter valued at $2,269,000. Jane Street Group LLC acquired a new stake in shares of Finjan in the 3rd quarter valued at $155,000. JPMorgan Chase & Co. boosted its holdings in shares of Finjan by 79.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 383,222 shares of the software maker’s stock valued at $1,652,000 after purchasing an additional 170,164 shares in the last quarter. Finally, Bridgeway Capital Management Inc. boosted its holdings in shares of Finjan by 735.6% in the 3rd quarter. Bridgeway Capital Management Inc. now owns 590,800 shares of the software maker’s stock valued at $2,546,000 after purchasing an additional 520,100 shares in the last quarter. Hedge funds and other institutional investors own 58.94% of the company’s stock.

Finjan Company Profile

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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