Finjan Holdings Inc (NASDAQ:FNJN) Receives Average Rating of “Strong Buy” from Brokerages

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

Brokers have set a 12-month consensus price objective of $5.00 for the company and are predicting that the company will post ($0.08) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Finjan an industry rank of 96 out of 256 based on the ratings given to related companies.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded Finjan from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine raised Finjan from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, B. Riley set a $5.00 price objective on Finjan and gave the stock a “buy” rating in a report on Wednesday, July 31st.

Shares of FNJN remained flat at $$2.07 on Thursday. The stock had a trading volume of 54,244 shares, compared to its average volume of 101,155. The stock has a market capitalization of $56.64 million, a price-to-earnings ratio of 2.96 and a beta of 0.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.56 and a quick ratio of 5.56. Finjan has a fifty-two week low of $1.96 and a fifty-two week high of $5.54. The business’s fifty day moving average is $2.20.

Finjan (NASDAQ:FNJN) last announced its earnings results on Thursday, August 8th. The software maker reported ($0.07) EPS for the quarter. The firm had revenue of $7.25 million during the quarter, compared to analyst estimates of $7.25 million. Research analysts anticipate that Finjan will post 0.2 EPS for the current year.

Large investors have recently bought and sold shares of the business. Shufro Rose & Co. LLC lifted its holdings in Finjan by 23.3% during the 2nd quarter. Shufro Rose & Co. LLC now owns 26,500 shares of the software maker’s stock worth $59,000 after buying an additional 5,000 shares in the last quarter. Bailard Inc. acquired a new position in Finjan during the 1st quarter worth $76,000. Deutsche Bank AG raised its position in shares of Finjan by 11.8% during the 4th quarter. Deutsche Bank AG now owns 38,501 shares of the software maker’s stock valued at $96,000 after acquiring an additional 4,077 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Finjan by 15.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 57,850 shares of the software maker’s stock valued at $128,000 after acquiring an additional 7,800 shares during the last quarter. Finally, B. Riley Financial Inc. bought a new stake in shares of Finjan during the 1st quarter valued at $147,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Article: How Do You Make Money With Penny Stocks?

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


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