Zacks: Finjan Holdings, Inc. (FNJN) Given Average Recommendation of “Strong Buy” by Analysts

Shares of Finjan Holdings, Inc. (NASDAQ:FNJN) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a 12 month consensus target price of $10.85 for the company and are forecasting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also given Finjan an industry rank of 179 out of 265 based on the ratings given to its competitors.

Separately, B. Riley restated a “buy” rating and set a $4.00 target price on shares of Finjan in a report on Friday, November 10th.

In related news, major shareholder Corp Bcpi sold 47,500 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $2.16, for a total value of $102,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Seed Iv L. P. Israel sold 145,200 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $2.56, for a total transaction of $371,712.00. Following the completion of the sale, the insider now owns 3,002,065 shares of the company’s stock, valued at approximately $7,685,286.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 454,831 shares of company stock valued at $1,094,997. 9.64% of the stock is owned by insiders.

Several large investors have recently modified their holdings of FNJN. Vanguard Group Inc. lifted its position in shares of Finjan by 793.0% in the 2nd quarter. Vanguard Group Inc. now owns 225,205 shares of the software maker’s stock valued at $739,000 after acquiring an additional 199,987 shares in the last quarter. Advisor Group Inc. purchased a new stake in Finjan in the 2nd quarter worth approximately $132,000. Virtu KCG Holdings LLC lifted its position in Finjan by 1,010.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 114,332 shares of the software maker’s stock worth $375,000 after buying an additional 104,040 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Finjan in the 2nd quarter worth approximately $576,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Finjan in the 2nd quarter worth approximately $148,000. Institutional investors and hedge funds own 33.76% of the company’s stock.

Shares of Finjan (NASDAQ:FNJN) traded down $0.06 during trading hours on Thursday, reaching $1.76. 158,927 shares of the company were exchanged, compared to its average volume of 327,546. The company has a market capitalization of $50.43, a PE ratio of 3.32 and a beta of 0.73. Finjan has a 1 year low of $1.35 and a 1 year high of $4.06.

Finjan (NASDAQ:FNJN) last issued its earnings results on Thursday, November 9th. The software maker reported ($0.16) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.16). Finjan had a net margin of 37.53% and a return on equity of 100.25%. analysts expect that Finjan will post 0.56 EPS for the current year.

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Finjan Company Profile

Finjan Holdings, Inc, through its subsidiaries, operates as a cybersecurity company, provides intellectual property licensing and enforcement services. 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.

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