Wall Street analysts expect Finjan Holdings, Inc. (NASDAQ:FNJN) to report $1.37 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Finjan’s earnings. The lowest EPS estimate is $1.25 and the highest is $1.48. Finjan reported earnings of $0.69 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 98.6%. The business is expected to report its next quarterly earnings results on Thursday, May 10th.
According to Zacks, analysts expect that Finjan will report full-year earnings of $1.17 per share for the current financial year, with EPS estimates ranging from $1.16 to $1.17. For the next fiscal year, analysts expect that the firm will report earnings of $0.67 per share. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Finjan.
Finjan (NASDAQ:FNJN) last released its earnings results on Wednesday, March 14th. The software maker reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.14). The business had revenue of $23.43 million during the quarter, compared to analysts’ expectations of $23.40 million.
Separately, B. Riley upped their target price on Finjan from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd.
In other news, major shareholder Seed Iv L. P. Israel sold 13,180 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $2.30, for a total value of $30,314.00. Following the completion of the transaction, the insider now directly owns 2,810,503 shares in the company, valued at approximately $6,464,156.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Corp Bcpi sold 33,500 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $2.44, for a total value of $81,740.00. The disclosure for this sale can be found here. Insiders sold a total of 1,919,867 shares of company stock valued at $5,125,805 over the last quarter. 9.64% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in FNJN. Vanguard Group Inc. lifted its stake in shares of Finjan by 793.0% in the 2nd quarter. Vanguard Group Inc. now owns 225,205 shares of the software maker’s stock valued at $739,000 after acquiring an additional 199,987 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Finjan in the 2nd quarter valued at $576,000. Macquarie Group Ltd. bought a new position in shares of Finjan in the 3rd quarter valued at $200,000. B. Riley Financial Inc. lifted its stake in shares of Finjan by 24.0% in the 3rd quarter. B. Riley Financial Inc. now owns 2,063,351 shares of the software maker’s stock valued at $4,849,000 after acquiring an additional 399,032 shares during the last quarter. Finally, Globeflex Capital L P lifted its stake in shares of Finjan by 39.2% in the 4th quarter. Globeflex Capital L P now owns 76,700 shares of the software maker’s stock valued at $166,000 after acquiring an additional 21,600 shares during the last quarter. Institutional investors own 35.68% of the company’s stock.
NASDAQ FNJN traded down $0.53 on Friday, hitting $2.85. 1,863,454 shares of the company’s stock were exchanged, compared to its average volume of 599,010. Finjan has a 52 week low of $1.66 and a 52 week high of $4.06. The stock has a market capitalization of $93.69, a PE ratio of 8.14 and a beta of -0.69.
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Finjan Company Profile
Finjan Holdings, Inc, through its subsidiaries, operates as a cybersecurity company, provides intellectual property licensing and enforcement services. 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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