Horizon Technology Finance’s (HRZN) Sell (D) Rating Reiterated at Weiss Ratings

Horizon Technology Finance (NASDAQ:HRZN)‘s stock had its “sell (d)” rating reiterated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also commented on HRZN. UBS Group upped their price objective on Horizon Technology Finance from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. Maxim Group decreased their target price on shares of Horizon Technology Finance from $10.00 to $7.50 and set a “buy” rating for the company in a research note on Monday, August 11th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Horizon Technology Finance presently has an average rating of “Reduce” and a consensus price target of $7.30.

Horizon Technology Finance Stock Performance

NASDAQ HRZN opened at $6.13 on Wednesday. The stock has a 50-day simple moving average of $6.82 and a two-hundred day simple moving average of $7.55. The firm has a market capitalization of $260.81 million, a P/E ratio of -5.33 and a beta of 1.00. Horizon Technology Finance has a fifty-two week low of $5.97 and a fifty-two week high of $10.69.

Horizon Technology Finance (NASDAQ:HRZN) last posted its earnings results on Thursday, August 7th. The investment management company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of ($9.89) million for the quarter, compared to analyst estimates of $24.54 million. Horizon Technology Finance had a positive return on equity of 14.02% and a negative net margin of 48.76%. As a group, analysts forecast that Horizon Technology Finance will post 1.38 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TrueMark Investments LLC raised its holdings in shares of Horizon Technology Finance by 30.2% during the first quarter. TrueMark Investments LLC now owns 272,512 shares of the investment management company’s stock valued at $2,567,000 after acquiring an additional 63,134 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Horizon Technology Finance during the first quarter worth approximately $36,000. Cetera Investment Advisers increased its position in shares of Horizon Technology Finance by 20.2% during the first quarter. Cetera Investment Advisers now owns 63,008 shares of the investment management company’s stock worth $594,000 after purchasing an additional 10,603 shares in the last quarter. ETF Store Inc. increased its position in shares of Horizon Technology Finance by 16.6% during the first quarter. ETF Store Inc. now owns 55,348 shares of the investment management company’s stock worth $521,000 after purchasing an additional 7,877 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in shares of Horizon Technology Finance by 300.7% during the second quarter. Quantbot Technologies LP now owns 17,332 shares of the investment management company’s stock worth $125,000 after purchasing an additional 13,007 shares in the last quarter. 4.94% of the stock is owned by hedge funds and other institutional investors.

Horizon Technology Finance Company Profile

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, cleantech and sustainability industries.