Zacks: Finjan Holdings Inc (FNJN) Receives Average Rating of “Strong Buy” from Analysts

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 recommendation.

Brokers have set a one year consensus price target of $6.31 for the company, according to Zacks. Zacks has also given Finjan an industry rank of 74 out of 256 based on the ratings given to its competitors.

A number of analysts have issued reports on FNJN shares. ValuEngine raised Finjan from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research downgraded Finjan from a “hold” rating to a “strong sell” rating in a research note on Monday, March 18th. Finally, Dawson James reaffirmed a “buy” rating on shares of Finjan in a research note on Friday, March 29th.

Shares of NASDAQ FNJN traded down $0.05 during midday trading on Friday, reaching $2.46. 79,441 shares of the stock were exchanged, compared to its average volume of 97,656. Finjan has a twelve month low of $2.11 and a twelve month high of $5.54. The stock has a market capitalization of $69.30 million, a price-to-earnings ratio of 3.51 and a beta of 0.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.56 and a quick ratio of 5.56.

Finjan (NASDAQ:FNJN) last announced its earnings results on Wednesday, May 8th. The software maker reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.03). Analysts anticipate that Finjan will post 0.5 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in Finjan by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,244,228 shares of the software maker’s stock valued at $3,646,000 after acquiring an additional 36,883 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Finjan by 5.8% in the 1st quarter. Acadian Asset Management LLC now owns 1,030,410 shares of the software maker’s stock valued at $3,018,000 after buying an additional 56,853 shares during the period. Vanguard Group Inc. boosted its stake in shares of Finjan by 16.4% in the 3rd quarter. Vanguard Group Inc. now owns 827,777 shares of the software maker’s stock valued at $3,568,000 after buying an additional 116,723 shares during the period. Vanguard Group Inc boosted its stake in shares of Finjan by 16.4% in the 3rd quarter. Vanguard Group Inc now owns 827,777 shares of the software maker’s stock valued at $3,568,000 after buying an additional 116,723 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Finjan by 79.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 383,222 shares of the software maker’s stock valued at $1,652,000 after buying an additional 170,164 shares during the period. 55.48% of the stock is owned by institutional investors.

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.

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