Shares of Finjan Holdings Inc (NASDAQ:FNJN) have earned 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 research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price target of $6.31 for the company, according to Zacks. Zacks has also assigned Finjan an industry rank of 56 out of 256 based on the ratings given to related companies.
FNJN has been the subject of several recent analyst reports. Dawson James restated a “buy” rating on shares of Finjan in a research report on Friday, March 29th. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bailard Inc. bought a new position in Finjan during the 1st quarter valued at approximately $76,000. Deutsche Bank AG raised its position in shares of Finjan by 11.8% in the 4th quarter. Deutsche Bank AG now owns 38,501 shares of the software maker’s stock worth $96,000 after acquiring an additional 4,077 shares in the last quarter. B. Riley Financial Inc. bought a new position in shares of Finjan in the 1st quarter worth approximately $147,000. O Shaughnessy Asset Management LLC raised its position in shares of Finjan by 34.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 60,044 shares of the software maker’s stock worth $176,000 after acquiring an additional 15,282 shares in the last quarter. Finally, Globeflex Capital L P raised its position in shares of Finjan by 12.1% in the 1st quarter. Globeflex Capital L P now owns 77,381 shares of the software maker’s stock worth $227,000 after acquiring an additional 8,373 shares in the last quarter. 57.38% of the stock is owned by institutional investors and hedge funds.
Finjan stock traded up $0.02 during trading hours on Wednesday, hitting $2.19. The stock had a trading volume of 106,126 shares, compared to its average volume of 105,705. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $60.12 million, a PE ratio of 3.13 and a beta of 0.41. Finjan has a one year low of $2.11 and a one year high of $5.54. The business has a 50 day moving average of $2.26.
Finjan (NASDAQ:FNJN) last issued its earnings results on Wednesday, May 8th. The software maker reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.03). As a group, analysts anticipate that Finjan will post 0.5 EPS for the current fiscal year.
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.
Recommended Story: How Do Investors Open a Backdoor Roth IRA?
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.