Horizon Technology Finance (HRZN) Downgraded by Keefe, Bruyette & Woods
Horizon Technology Finance (NASDAQ:HRZN) was downgraded by equities research analysts at Keefe, Bruyette & Woods to an “underperform” rating in a research report issued to clients and investors on Sunday, The Fly reports.
Several other equities analysts also recently weighed in on the company. ValuEngine upgraded Horizon Technology Finance from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Zacks Investment Research upgraded Horizon Technology Finance from a “sell” rating to a “hold” rating in a research report on Wednesday, July 4th. TheStreet upgraded Horizon Technology Finance from a “c” rating to a “b-” rating in a research report on Tuesday, July 10th. Compass Point downgraded Horizon Technology Finance from a “neutral” rating to a “sell” rating in a research report on Wednesday, August 1st. Finally, National Securities reiterated a “neutral” rating and set a $11.00 target price on shares of Horizon Technology Finance in a research report on Monday, August 6th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $11.67.
Shares of NASDAQ:HRZN traded up $0.07 on Friday, hitting $11.46. The company had a trading volume of 72,614 shares, compared to its average volume of 64,426. Horizon Technology Finance has a 52-week low of $9.92 and a 52-week high of $11.97. The company has a market capitalization of $132.13 million, a P/E ratio of 10.71 and a beta of 0.86.
About Horizon Technology Finance
Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries.
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