Finjan Holdings Inc (NASDAQ:FNJN) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 392,700 shares, a drop of 7.2% from the July 31st total of 423,000 shares. Based on an average daily volume of 90,200 shares, the short-interest ratio is presently 4.4 days. Currently, 2.2% of the shares of the stock are sold short.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG grew its holdings in Finjan by 11.8% during 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 during the period. Shufro Rose & Co. LLC boosted its position 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Finjan by 15.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 57,850 shares of the software maker’s stock worth $128,000 after purchasing an additional 7,800 shares in the last quarter. Globeflex Capital L P boosted its position 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 in the last quarter. Finally, AJO LP boosted its position 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 in the last quarter. 54.44% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on FNJN. Zacks Investment Research lowered shares of Finjan from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. B. Riley set a $5.00 target price on shares of Finjan and gave the stock a “buy” rating in a report on Wednesday, July 31st. ValuEngine raised shares of Finjan from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, TheStreet lowered shares of Finjan from a “c+” rating to a “d+” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $3.75.
FNJN traded down $0.03 during trading on Friday, reaching $2.00. 64,547 shares of the company’s stock were exchanged, compared to its average volume of 48,230. The company’s fifty day moving average price is $1.97 and its 200-day moving average price is $2.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.74 and a current ratio of 4.74. Finjan has a fifty-two week low of $1.71 and a fifty-two week high of $5.54. The firm has a market capitalization of $56.08 million, a PE ratio of 2.86 and a beta of 0.37.
Finjan (NASDAQ:FNJN) last released its earnings results on Thursday, August 8th. The software maker reported ($0.07) EPS for the quarter. The business had revenue of $7.25 million for the quarter, compared to analysts’ expectations of $7.25 million. Research analysts forecast that Finjan will post 0.2 earnings per share 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.
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