Zacks: Finjan Holdings Inc (NASDAQ:FNJN) Given $6.31 Consensus Price Target by Brokerages

Finjan Holdings Inc (NASDAQ:FNJN) has 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.

Analysts have set a 1 year consensus price objective of $6.31 for the company, according to Zacks. Zacks has also assigned Finjan an industry rank of 98 out of 256 based on the ratings given to its competitors.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Finjan from a “sell” rating to a “buy” rating and set a $3.50 price target for the company in a report on Tuesday, May 14th. Dawson James reissued a “buy” rating on shares of Finjan in a report on Friday, March 29th. Finally, ValuEngine raised shares of Finjan from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th.

A number of hedge funds have recently bought and sold shares of FNJN. JPMorgan Chase & Co. lifted its stake in Finjan by 79.9% during the third 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 in the last quarter. Vanguard Group Inc. lifted its stake in Finjan by 16.4% during the third 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 in the last quarter. Perritt Capital Management Inc. lifted its stake in Finjan by 46.9% during the fourth quarter. Perritt Capital Management Inc. now owns 117,500 shares of the software maker’s stock valued at $295,000 after buying an additional 37,500 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in Finjan during the fourth quarter valued at about $501,000. Finally, Dimensional Fund Advisors LP lifted its stake in Finjan by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,207,345 shares of the software maker’s stock valued at $3,030,000 after buying an additional 81,697 shares in the last quarter. 55.48% of the stock is owned by institutional investors.

NASDAQ FNJN traded down $0.05 on Monday, reaching $2.17. The company’s stock had a trading volume of 139,400 shares, compared to its average volume of 103,455. Finjan has a twelve month low of $2.11 and a twelve month high of $5.54. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $60.74 million, a PE ratio of 3.10 and a beta of 0.41. The business has a 50 day moving average price of $2.41.

Finjan (NASDAQ:FNJN) last issued its quarterly earnings results on Wednesday, May 8th. The software maker reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.03). As a group, sell-side analysts anticipate that Finjan will post 0.5 EPS for the current fiscal year.

Finjan Company Profile

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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