$2.32 Million in Sales Expected for Finjan Holdings, Inc. (FNJN) This Quarter
Wall Street analysts expect Finjan Holdings, Inc. (NASDAQ:FNJN) to post $2.32 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Finjan Holdings’ earnings, with the highest sales estimate coming in at $2.34 million and the lowest estimate coming in at $2.30 million. Finjan Holdings posted sales of $6.53 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 64.5%. The company is scheduled to report its next earnings report on Tuesday, August 8th.
On average, analysts expect that Finjan Holdings will report full year sales of $2.32 million for the current year, with estimates ranging from $34.50 million to $76.39 million. For the next year, analysts forecast that the firm will post sales of $21.75 million per share. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Finjan Holdings.
Several equities analysts have recently weighed in on FNJN shares. TheStreet raised Finjan Holdings from a “d-” rating to a “c” rating in a research note on Monday, June 12th. B. Riley reissued a “buy” rating and set a $2.75 price target on shares of Finjan Holdings in a research report on Thursday, May 11th.
In other Finjan Holdings news, major shareholder Corp Bcpi sold 72,000 shares of the business’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $2.04, for a total transaction of $146,880.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Seed Iv L. P. Israel sold 133,512 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $2.57, for a total value of $343,125.84. Following the transaction, the insider now owns 3,810,895 shares of the company’s stock, valued at approximately $9,794,000.15. The disclosure for this sale can be found here. Insiders sold a total of 1,867,264 shares of company stock valued at $5,621,110 over the last quarter. Company insiders own 9.64% of the company’s stock.
A hedge fund recently raised its stake in Finjan Holdings stock. Renaissance Technologies LLC boosted its stake in shares of Finjan Holdings, Inc. (NASDAQ:FNJN) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 122,200 shares of the software maker’s stock after buying an additional 13,700 shares during the period. Renaissance Technologies LLC owned approximately 0.53% of Finjan Holdings worth $138,000 at the end of the most recent reporting period. 26.45% of the stock is currently owned by hedge funds and other institutional investors.
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Finjan Holdings (FNJN) opened at 3.25 on Friday. The firm has a market cap of $75.30 million, a PE ratio of 6.99 and a beta of -0.80. The firm has a 50-day moving average of $3.13 and a 200-day moving average of $1.92. Finjan Holdings has a 52-week low of $1.00 and a 52-week high of $4.06.
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