Shares of Finjan Holdings Inc (NASDAQ:FNJN) have received 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 recommendation.
Brokers have set a 12-month consensus price target of $5.00 for the company and are anticipating that the company will post ($0.08) EPS 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 its competitors.
FNJN has been the subject of a number of research reports. ValuEngine upgraded shares of Finjan from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. B. Riley set a $5.00 price objective on shares of Finjan and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Zacks Investment Research lowered shares of Finjan from a “buy” rating to a “hold” rating in a research note on Tuesday.
Shares of NASDAQ FNJN remained flat at $$2.07 during mid-day trading on Thursday. 54,244 shares of the company were exchanged, compared to its average volume of 101,155. Finjan has a fifty-two week low of $1.96 and a fifty-two week 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. The firm has a market cap of $56.64 million, a price-to-earnings ratio of 2.96 and a beta of 0.36. The company has a fifty day moving average price of $2.20.
Finjan (NASDAQ:FNJN) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.07) earnings per share for the quarter. The company had revenue of $7.25 million for the quarter, compared to analysts’ expectations of $7.25 million. Analysts anticipate that Finjan will post 0.2 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. Globeflex Capital L P boosted its stake 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 valued at $227,000 after purchasing an additional 8,373 shares in the last quarter. Bailard Inc. purchased a new position in shares of Finjan during the first quarter worth $76,000. Alpine Global Management LLC purchased a new position in shares of Finjan during the first quarter worth $632,000. Acadian Asset Management LLC boosted its holdings in Finjan by 5.8% in the first quarter. Acadian Asset Management LLC now owns 1,030,410 shares of the software maker’s stock valued at $3,018,000 after purchasing an additional 56,853 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Finjan in the fourth quarter valued at $254,000. Hedge funds and other institutional investors own 58.33% of the company’s stock.
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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