Finjan Holdings Inc (FNJN) Given Consensus Recommendation of “Strong Buy” by Analysts

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Shares of Finjan Holdings Inc (NASDAQ:FNJN) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price objective of $6.31 for the company and are expecting that the company will post ($0.19) EPS for the current quarter, according to Zacks. Zacks has also given Finjan an industry rank of 34 out of 255 based on the ratings given to its competitors.

A number of brokerages have weighed in on FNJN. ValuEngine upgraded Finjan from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research downgraded Finjan from a “hold” rating to a “strong sell” rating in a report on Monday, March 18th. Finally, Dawson James reiterated a “buy” rating on shares of Finjan in a report on Friday, March 29th.

Institutional investors have recently modified their holdings of the business. Bailard Inc. purchased a new position in Finjan during the first quarter valued at $76,000. Deutsche Bank AG grew its stake in Finjan by 11.8% during the fourth quarter. Deutsche Bank AG now owns 38,501 shares of the software maker’s stock valued at $96,000 after acquiring an additional 4,077 shares in the last quarter. Geode Capital Management LLC grew its stake in Finjan by 11.8% during the fourth quarter. Geode Capital Management LLC now owns 197,986 shares of the software maker’s stock valued at $496,000 after acquiring an additional 20,886 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Finjan by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,207,345 shares of the software maker’s stock valued at $3,030,000 after acquiring an additional 81,697 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of Finjan in the 4th quarter worth $254,000. Hedge funds and other institutional investors own 56.74% of the company’s stock.

Shares of FNJN traded down $0.13 during trading hours on Wednesday, reaching $2.99. The stock had a trading volume of 2,361 shares, compared to its average volume of 106,133. Finjan has a 12 month low of $2.11 and a 12 month high of $5.54. The stock has a market capitalization of $86.10 million, a price-to-earnings ratio of 4.27 and a beta of 0.35.

About Finjan

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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