Finjan Holdings Inc (NASDAQ:FNJN) Given Consensus Recommendation of “Strong Buy” by Brokerages

Share on StockTwits

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

Brokerages have set a 12-month consensus price objective of $5.00 for the company and are forecasting that the company will post ($0.08) EPS for the current quarter, according to Zacks. Zacks has also assigned Finjan an industry rank of 91 out of 256 based on the ratings given to related companies.

A number of analysts recently issued reports on FNJN shares. ValuEngine upgraded Finjan from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. TheStreet downgraded shares of Finjan from a “c+” rating to a “d+” rating in a report on Friday, August 30th. B. Riley set a $5.00 price objective on shares of Finjan and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research downgraded shares of Finjan from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th.

Several institutional investors have recently bought and sold shares of FNJN. Deutsche Bank AG increased its position in Finjan by 11.8% during the fourth 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 lifted its holdings in Finjan by 23.3% in the 2nd quarter. Shufro Rose & Co. LLC now owns 26,500 shares of the software maker’s stock worth $59,000 after buying an additional 5,000 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Finjan by 15.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 57,850 shares of the software maker’s stock worth $128,000 after buying an additional 7,800 shares during the period. Globeflex Capital L P raised its position in shares of Finjan by 12.1% in the 1st quarter. Globeflex Capital L P now owns 77,381 shares of the software maker’s stock worth $227,000 after acquiring an additional 8,373 shares in the last quarter. Finally, AJO LP raised its position in shares of Finjan by 4.5% in the 1st quarter. AJO LP now owns 319,367 shares of the software maker’s stock worth $936,000 after acquiring an additional 13,723 shares in the last quarter. Institutional investors own 54.44% of the company’s stock.

FNJN stock traded up $0.01 on Monday, reaching $1.95. 1,410 shares of the company traded hands, compared to its average volume of 95,917. Finjan has a one year low of $1.71 and a one year high of $5.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.74 and a quick ratio of 4.74. The company has a market cap of $54.84 million, a P/E ratio of 2.84 and a beta of 0.37. The firm has a fifty day simple moving average of $1.98 and a 200-day simple moving average of $2.53.

Finjan (NASDAQ:FNJN) last posted 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 during the quarter, compared to analyst estimates of $7.25 million. On average, sell-side analysts forecast that Finjan will post 0.2 EPS for the current year.

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.

Further Reading: What is the return on assets (ROA) ratio?

Get a free copy of the Zacks research report on Finjan (FNJN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Finjan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finjan and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Northland Securities Reiterates Hold Rating for Green Dot
Northland Securities Reiterates Hold Rating for Green Dot
Mastercard  Earns “Outperform” Rating from William Blair
Mastercard Earns “Outperform” Rating from William Blair
Huntington Bancshares  Rating Lowered to Neutral at DA Davidson
Huntington Bancshares Rating Lowered to Neutral at DA Davidson
Raymond James Upgrades M.D.C.  to “Strong-Buy”
Raymond James Upgrades M.D.C. to “Strong-Buy”
Federal Realty Investment Trust  Raised to Buy at Mizuho
Federal Realty Investment Trust Raised to Buy at Mizuho
Shiloh Industries  Lifted to “Neutral” at Bank of America
Shiloh Industries Lifted to “Neutral” at Bank of America


© 2006-2019 Ticker Report