Horizon Technology Finance Corporation (NASDAQ:HRZN) Stock Has Consensus Price Target of $5.00 According to Analysts

Horizon Technology Finance Corporation (NASDAQ:HRZN) has earned a consensus rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.00.

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Horizon Technology Finance from $5.00 to $4.50 and set a “market perform” rating for the company in a report on Friday, August 21st. Oppenheimer dropped their target price on shares of Horizon Technology Finance from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Friday, August 7th. Weiss Ratings lowered shares of Horizon Technology Finance from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, August 19th. UBS Group boosted their target price on shares of Horizon Technology Finance from $4.25 to $4.50 and gave the stock a “neutral” rating in a research report on Tuesday, September 1st. Finally, Compass Point began coverage on shares of Horizon Technology Finance in a report on Thursday, August 27th. They set a “buy” rating and a $5.50 price target for the company.

Institutional Trading of Horizon Technology Finance

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in Horizon Technology Finance in the 1st quarter worth approximately $50,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Horizon Technology Finance in the first quarter valued at approximately $52,000. Ausdal Financial Partners Inc. acquired a new stake in shares of Horizon Technology Finance in the second quarter worth $54,000. Chapin Davis Inc. acquired a new stake in shares of Horizon Technology Finance in the second quarter worth $60,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Horizon Technology Finance in the second quarter worth $61,000. Institutional investors own 4.94% of the company’s stock.

Horizon Technology Finance Stock Performance

HRZN opened at $3.94 on Tuesday. The business has a 50 day moving average price of $4.62 and a 200 day moving average price of $4.86. Horizon Technology Finance has a twelve month low of $3.80 and a twelve month high of $6.85. The firm has a market cap of $264.10 million, a P/E ratio of 10.94 and a beta of 1.00.

Horizon Technology Finance (NASDAQ:HRZN) last announced its earnings results on Tuesday, August 4th. The investment management company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Horizon Technology Finance had a return on equity of 11.15% and a net margin of 5.27%. The company had revenue of $25.05 million for the quarter, compared to the consensus estimate of $25.22 million. As a group, analysts anticipate that Horizon Technology Finance will post 0.63 earnings per share for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, November 17th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 18.3%. The ex-dividend date of this dividend is Tuesday, November 17th. Horizon Technology Finance’s payout ratio is currently 200.00%.

Horizon Technology Finance Company Profile

Horizon Technology Finance Corporation (NASDAQ: HRZN) is a specialty finance company that has elected to be regulated as a business development company. It provides secured venture loans to development-stage companies backed by venture capital or private equity investors.

The company primarily finances businesses in the technology, life sciences, healthcare information and sustainability sectors. Its lending solutions are designed to support needs such as product development, commercialization, acquisitions, working capital and other corporate purposes.