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Horizon Technology Finance Corp (NASDAQ:HRZN) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

The analysts wrote, “Horizon Technology Finance (HRZN) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”

Shares of Horizon Technology Finance Corp (NASDAQ:HRZN) traded down 0.42% during mid-day trading on Tuesday, hitting $14.12. 56,266 shares of the company’s stock traded hands. Horizon Technology Finance Corp has a 52-week low of $12.17 and a 52-week high of $14.70. The stock’s 50-day moving average is $13.74 and its 200-day moving average is $13.78. The company has a market cap of $135.8 million and a P/E ratio of 24.07.

Horizon Technology Finance Corp (NASDAQ:HRZN) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.01. Analysts expect that Horizon Technology Finance Corp will post $1.23 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Horizon Technology Finance Corp from $13.00 to $14.00 in a research note on Thursday, June 19th. Separately, analysts at FIG Partners reiterated a “neutral” rating on shares of Horizon Technology Finance Corp in a research note on Wednesday, June 18th. Finally, analysts at Gilford Securities downgraded shares of Horizon Technology Finance Corp from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 13th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $14.66.

Horizon Technology Finance Corporation is a closed-end, non-diversified management investment company.

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