Finjan (NASDAQ:FNJN) Stock Rating Lowered by Zacks Investment Research

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Zacks Investment Research cut shares of Finjan (NASDAQ:FNJN) from a buy rating to a hold rating in a research report report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Finjan Holdings, Inc. operates as an online security and technology company primarily in the United States. It owns a portfolio of patents related to software that detects malicious code and protects end-users from identity and data theft, spyware, malware, phishing, Trojans and other online threats. Finjan Holdings Inc., formerly known as Converted Organics Inc., is based in New York. “

A number of other research analysts have also recently weighed in on FNJN. ValuEngine upgraded shares of Finjan from a hold rating to a buy rating in a research note on Thursday, August 1st. B. Riley set a $5.00 target price on shares of Finjan and gave the company a buy rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Finjan currently has a consensus rating of Buy and a consensus target price of $3.75.

FNJN opened at $2.08 on Tuesday. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $57.43 million, a PE ratio of 2.97 and a beta of 0.36. Finjan has a twelve month low of $2.04 and a twelve month high of $5.54. The company has a 50-day moving average of $2.21.

Finjan (NASDAQ:FNJN) last released its earnings results on Thursday, August 8th. The software maker reported ($0.07) earnings per share for the quarter. The business had revenue of $7.25 million for the quarter, compared to analysts’ expectations of $7.25 million. On average, sell-side analysts expect that Finjan will post 0.5 EPS for the current year.

Several hedge funds have recently made changes to their positions in FNJN. Shufro Rose & Co. LLC lifted its stake in shares of Finjan by 23.3% during the 2nd quarter. Shufro Rose & Co. LLC now owns 26,500 shares of the software maker’s stock valued at $59,000 after buying an additional 5,000 shares in the last quarter. Bailard Inc. purchased a new stake in shares of Finjan during the 1st quarter valued at approximately $76,000. Deutsche Bank AG lifted its stake in shares of Finjan by 11.8% during the 4th quarter. Deutsche Bank AG now owns 38,501 shares of the software maker’s stock valued at $96,000 after buying an additional 4,077 shares in the last quarter. B. Riley Financial Inc. purchased a new stake in shares of Finjan during the 1st quarter valued at approximately $147,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Finjan by 34.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 60,044 shares of the software maker’s stock valued at $176,000 after buying an additional 15,282 shares in the last quarter. Institutional investors own 58.33% of the company’s stock.

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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