Zacks Investment Research Upgrades Finjan (NASDAQ:FNJN) to Hold

Zacks Investment Research upgraded shares of Finjan (NASDAQ:FNJN) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Finjan Holdings, Inc. operates as an online security and technology company primarily in the United States. It owns a portfolio of patents related to software that detects malicious code and protects end-users from identity and data theft, spyware, malware, phishing, Trojans and other online threats. Finjan Holdings Inc., formerly known as Converted Organics Inc., is based in New York. “

Several other research analysts have also issued reports on the company. Dawson James restated a buy rating on shares of Finjan in a research report on Friday, March 29th. ValuEngine raised shares of Yara International ASA from a sell rating to a hold rating in a research note on Tuesday, March 19th.

Shares of NASDAQ:FNJN opened at $2.29 on Wednesday. Finjan has a 1 year low of $2.11 and a 1 year high of $5.54. The company’s 50 day simple moving average is $2.31. The stock has a market capitalization of $64.06 million, a price-to-earnings ratio of 3.27 and a beta of 0.41. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.04.

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 the Thomson Reuters’ consensus estimate of ($0.19) by ($0.03). Analysts expect that Finjan will post 0.5 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of FNJN. Alpine Global Management LLC raised its stake in shares of Finjan by 243.1% during the second quarter. Alpine Global Management LLC now owns 739,685 shares of the software maker’s stock valued at $1,642,000 after acquiring an additional 524,118 shares in the last quarter. Summit Securities Group LLC raised its stake in shares of Finjan by 227.3% during the first quarter. Summit Securities Group LLC now owns 270,500 shares of the software maker’s stock valued at $793,000 after acquiring an additional 187,855 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Finjan during the fourth quarter valued at approximately $254,000. Dimensional Fund Advisors LP raised its stake in shares of 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 acquiring an additional 81,697 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Finjan by 5.8% during the first quarter. Acadian Asset Management LLC now owns 1,030,410 shares of the software maker’s stock valued at $3,018,000 after acquiring an additional 56,853 shares in the last quarter. 55.48% of the stock is owned by hedge funds and other 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.

Featured Story: Average Daily Trade Volume – What It Means In Stock Trading

Get a free copy of the Zacks research report on Finjan (FNJN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Finjan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finjan and related companies with MarketBeat.com's FREE daily email newsletter.