Zacks Investment Research cut shares of Finjan (NASDAQ:FNJN) from a buy rating to a hold rating in a research note published on Tuesday, Zacks.com reports.
According to Zacks, “Finjan Holdings, Inc. operates as an online security and technology company primarily in the United States. It owns a portfolio of patents related to software that detects malicious code and protects end-users from identity and data theft, spyware, malware, phishing, Trojans and other online threats. Finjan Holdings Inc., formerly known as Converted Organics Inc., is based in New York. “
A number of other analysts have also recently weighed in on the stock. B. Riley set a $5.00 target price on shares of Finjan and gave the stock a buy rating in a research note on Wednesday, July 31st. ValuEngine raised shares of Finjan from a hold rating to a buy rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Finjan currently has an average rating of Buy and an average target price of $3.75.
Shares of NASDAQ:FNJN opened at $2.08 on Tuesday. The company has a 50 day moving average price of $2.21. The company has a market capitalization of $57.43 million, a PE ratio of 2.97 and a beta of 0.36. Finjan has a 1 year low of $2.04 and a 1 year high of $5.54. 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 (NASDAQ:FNJN) last posted its earnings results on Thursday, August 8th. The software maker reported ($0.07) earnings per share for the quarter. The business had revenue of $7.25 million for the quarter, compared to analysts’ expectations of $7.25 million. As a group, sell-side analysts predict that Finjan will post 0.5 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Deutsche Bank AG lifted its holdings in shares of Finjan by 11.8% during the fourth quarter. Deutsche Bank AG now owns 38,501 shares of the software maker’s stock worth $96,000 after purchasing an additional 4,077 shares during the period. Shufro Rose & Co. LLC lifted its holdings in shares of Finjan by 23.3% during the second quarter. Shufro Rose & Co. LLC now owns 26,500 shares of the software maker’s stock worth $59,000 after purchasing an additional 5,000 shares during the period. Globeflex Capital L P lifted its holdings in shares of Finjan by 12.1% during the first quarter. Globeflex Capital L P now owns 77,381 shares of the software maker’s stock worth $227,000 after purchasing an additional 8,373 shares during the period. AJO LP lifted its holdings in shares of Finjan by 4.5% during the first quarter. AJO LP now owns 319,367 shares of the software maker’s stock worth $936,000 after purchasing an additional 13,723 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Finjan by 34.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 60,044 shares of the software maker’s stock worth $176,000 after purchasing an additional 15,282 shares during the period. Institutional investors own 58.33% 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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