Zacks: Finjan Holdings Inc (FNJN) Receives Average Recommendation of “Strong Buy” from Brokerages
Finjan Holdings Inc (NASDAQ:FNJN) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus target price of $6.31 for the company and are expecting that the company will post ($0.08) EPS for the current quarter, according to Zacks. Zacks has also assigned Finjan an industry rank of 90 out of 255 based on the ratings given to related companies.
Several equities research analysts recently commented on the company. TheStreet upgraded Finjan from a “c+” rating to a “b-” rating in a research report on Tuesday, August 14th. ValuEngine lowered Finjan from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd.
Finjan (NASDAQ:FNJN) last issued its quarterly earnings results on Thursday, August 2nd. The software maker reported $0.24 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.30. The company had revenue of $17.30 million during the quarter, compared to analyst estimates of $7.50 million. sell-side analysts expect that Finjan will post 1.49 EPS for the current year.
In other Finjan news, CFO Michael David Noonan sold 23,502 shares of the stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $5.01, for a total value of $117,745.02. Following the transaction, the chief financial officer now owns 59,500 shares in the company, valued at $298,095. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Philip Hartstein sold 33,750 shares of the stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $5.01, for a total value of $169,087.50. Following the completion of the transaction, the chief executive officer now owns 72,750 shares in the company, valued at approximately $364,477.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,252 shares of company stock worth $304,383. 8.81% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Bailard Inc. boosted its holdings in Finjan by 13.9% in the second quarter. Bailard Inc. now owns 184,100 shares of the software maker’s stock worth $626,000 after acquiring an additional 22,400 shares in the last quarter. BlackRock Inc. boosted its holdings in Finjan by 144.4% in the second quarter. BlackRock Inc. now owns 54,696 shares of the software maker’s stock worth $186,000 after acquiring an additional 32,313 shares in the last quarter. Sphinx Trading LP bought a new position in Finjan in the second quarter worth approximately $153,000. Spark Investment Management LLC bought a new position in Finjan in the second quarter worth approximately $235,000. Finally, Southpaw Asset Management LP boosted its holdings in Finjan by 4.0% in the second quarter. Southpaw Asset Management LP now owns 2,622,389 shares of the software maker’s stock worth $8,916,000 after acquiring an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 55.79% of the company’s stock.
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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