Zacks: Brokerages Set $6.31 Target Price for Finjan Holdings Inc (FNJN)

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

Analysts have set a 1 year consensus price target of $6.31 for the company and are predicting that the company will post ($0.19) earnings per share for the current quarter, according to Zacks. Zacks has also given Finjan an industry rank of 45 out of 255 based on the ratings given to related companies.

Several brokerages have recently commented on FNJN. Dawson James restated a “buy” rating on shares of Finjan in a report on Friday, March 29th. ValuEngine upgraded Finjan from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Zacks Investment Research cut Finjan from a “hold” rating to a “strong sell” rating in a report on Monday, March 18th.

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Finjan by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,207,345 shares of the software maker’s stock valued at $3,030,000 after acquiring an additional 81,697 shares during the period. Vanguard Group Inc lifted its stake in shares of Finjan by 16.4% during the third quarter. Vanguard Group Inc now owns 827,777 shares of the software maker’s stock valued at $3,568,000 after acquiring an additional 116,723 shares during the period. Vanguard Group Inc. lifted its stake in shares of Finjan by 16.4% during the third quarter. Vanguard Group Inc. now owns 827,777 shares of the software maker’s stock valued at $3,568,000 after acquiring an additional 116,723 shares during the period. Man Group plc acquired a new position in shares of Finjan during the third quarter valued at $2,269,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Finjan by 79.9% during the third quarter. JPMorgan Chase & Co. now owns 383,222 shares of the software maker’s stock valued at $1,652,000 after acquiring an additional 170,164 shares during the period. Institutional investors own 56.74% of the company’s stock.

Shares of FNJN stock traded up $0.20 during trading hours on Friday, hitting $3.11. 128,552 shares of the company’s stock were exchanged, compared to its average volume of 94,086. The stock has a market capitalization of $80.30 million, a PE ratio of 4.44 and a beta of 0.35. Finjan has a 52 week low of $2.11 and a 52 week high of $5.54.

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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