Zacks: Finjan Holdings, Inc. (FNJN) Given Consensus Rating of “Strong Buy” by Brokerages

Finjan Holdings, Inc. (NASDAQ:FNJN) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a 12 month consensus price objective of $10.85 for the company and are anticipating that the company will post $0.76 EPS for the current quarter, according to Zacks. Zacks has also assigned Finjan an industry rank of 105 out of 265 based on the ratings given to related companies.

Separately, B. Riley restated a “buy” rating and set a $4.00 target price on shares of Finjan in a report on Friday, November 10th.

In other news, major shareholder Corp Bcpi sold 47,500 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $2.16, for a total value of $102,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Seed Iv L. P. Israel sold 145,200 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $2.56, for a total transaction of $371,712.00. Following the completion of the sale, the insider now directly owns 3,002,065 shares of the company’s stock, valued at approximately $7,685,286.40. The disclosure for this sale can be found here. Insiders sold a total of 323,501 shares of company stock worth $781,486 in the last quarter. 9.64% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Finjan by 793.0% during the 2nd quarter. Vanguard Group Inc. now owns 225,205 shares of the software maker’s stock valued at $739,000 after buying an additional 199,987 shares during the last quarter. Advisor Group Inc. bought a new stake in shares of Finjan during the 2nd quarter valued at about $132,000. Virtu KCG Holdings LLC grew its position in shares of Finjan by 1,010.9% during the 2nd quarter. Virtu KCG Holdings LLC now owns 114,332 shares of the software maker’s stock valued at $375,000 after buying an additional 104,040 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Finjan during the 2nd quarter valued at about $576,000. Finally, B. Riley Financial Inc. bought a new stake in shares of Finjan during the 2nd quarter valued at about $5,459,000. 33.68% of the stock is owned by institutional investors.

Finjan (NASDAQ FNJN) traded up $0.12 during trading hours on Thursday, hitting $2.41. 270,341 shares of the company traded hands, compared to its average volume of 343,700. The firm has a market cap of $63.45, a price-to-earnings ratio of 4.55 and a beta of 0.78. Finjan has a 1-year low of $1.25 and a 1-year high of $4.06.

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Finjan Company Profile

Finjan Holdings, Inc, through its subsidiaries, operates as a cybersecurity company, provides intellectual property licensing and enforcement services. 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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