Finjan Holdings’ (FNJN) “Buy” Rating Reiterated at B. Riley
Finjan Holdings, Inc. (NASDAQ:FNJN)‘s stock had its “buy” rating restated by equities researchers at B. Riley in a research note issued to investors on Monday. They presently have a $4.00 price target on the software maker’s stock. B. Riley’s target price points to a potential upside of 49.25% from the company’s current price.
Separately, TheStreet raised shares of Finjan Holdings from a “d-” rating to a “c” rating in a research note on Monday, June 12th.
Shares of Finjan Holdings (NASDAQ FNJN) traded down 5.3022% during mid-day trading on Monday, reaching $2.5379. 246,469 shares of the company’s stock were exchanged. Finjan Holdings has a 1-year low of $1.00 and a 1-year high of $4.06. The stock has a market capitalization of $69.70 million, a PE ratio of 7.0497 and a beta of -0.79. The company’s 50 day moving average is $3.24 and its 200 day moving average is $2.33.
Finjan Holdings (NASDAQ:FNJN) last released its quarterly earnings data on Thursday, August 10th. The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.17. The firm had revenue of $2.31 million for the quarter, compared to analyst estimates of $2.32 million. Finjan Holdings had a return on equity of 280.12% and a net margin of 37.53%. Equities research analysts anticipate that Finjan Holdings will post $0.42 EPS for the current fiscal year.
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In related news, major shareholder Seed Iv L. P. Israel sold 85,680 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $3.06, for a total value of $262,180.80. Following the sale, the insider now owns 3,603,999 shares of the company’s stock, valued at $11,028,236.94. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Corp Bcpi sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $2.70, for a total transaction of $81,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,953,311 shares of company stock valued at $6,496,142. Insiders own 9.64% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Advisor Group Inc. purchased a new stake in shares of Finjan Holdings during the second quarter valued at $132,000. Renaissance Technologies LLC boosted its stake in shares of Finjan Holdings by 12.6% in the fourth quarter. Renaissance Technologies LLC now owns 122,200 shares of the software maker’s stock valued at $138,000 after buying an additional 13,700 shares during the period. Virtu KCG Holdings LLC boosted its stake in shares of Finjan Holdings by 1,010.9% in the second quarter. Virtu KCG Holdings LLC now owns 114,332 shares of the software maker’s stock valued at $375,000 after buying an additional 104,040 shares during the period. Spark Investment Management LLC purchased a new stake in shares of Finjan Holdings during the second quarter valued at $427,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Finjan Holdings during the second quarter valued at $576,000. 18.62% of the stock is currently owned by hedge funds and other institutional investors.
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