Horizon Technology Finance Corp Rating Lowered to Neutral at National Securities (HRZN)
Horizon Technology Finance Corp (NASDAQ:HRZN) was downgraded by stock analysts at National Securities from a “buy” rating to a “neutral” rating in a report issued on Friday. They currently have a $15.00 price objective on the stock. National Securities’ target price would suggest a potential upside of 2.32% from the stock’s previous close.
Shares of Horizon Technology Finance Corp (NASDAQ:HRZN) opened at 14.66 on Friday. 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 $13.80 and its 200-day moving average is $13.78. The company has a market cap of $141.0 million and a P/E ratio of 24.89.
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.
A number of other analysts have also recently weighed in on HRZN. Analysts at TheStreet upgraded shares of Horizon Technology Finance Corp from a “hold” rating to a “buy” rating in a research note on Tuesday. Separately, 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. Finally, analysts at FIG Partners reiterated a “neutral” rating on shares of Horizon Technology Finance Corp in a research note on Wednesday, June 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $14.66.
Horizon Technology Finance Corporation is a closed-end, non-diversified management investment company.
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