Analysts Anticipate Finjan Holdings, Inc. (FNJN) to Announce $0.30 EPS

Finjan Holdings, Inc. (NASDAQ:FNJN) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus price target of $10.85 for the company and are predicting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Finjan an industry rank of 200 out of 265 based on the ratings given to its competitors.

Separately, B. Riley reiterated a “buy” rating and issued a $4.00 price target on shares of Finjan in a research note on Tuesday, November 21st.

Finjan (FNJN) traded up $0.36 during trading on Wednesday, reaching $2.75. 2,854,221 shares of the company were exchanged, compared to its average volume of 503,920. The company has a market capitalization of $66.50, a P/E ratio of 6.71 and a beta of -0.17. Finjan has a 1-year low of $1.36 and a 1-year high of $4.06.

In other news, major shareholder Seed Iv L. P. Israel sold 145,200 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $7,685,286.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Corp Bcpi sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $2.33, for a total transaction of $34,950.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 436,433 shares of company stock valued at $1,056,219. Corporate insiders own 9.64% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of FNJN. B. Riley Financial Inc. lifted its stake in shares of Finjan by 24.0% during the 3rd quarter. B. Riley Financial Inc. now owns 2,063,351 shares of the software maker’s stock worth $4,849,000 after buying an additional 399,032 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Finjan by 128.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 400,732 shares of the software maker’s stock worth $942,000 after buying an additional 225,251 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Finjan by 793.0% during the 2nd quarter. Vanguard Group Inc. now owns 225,205 shares of the software maker’s stock worth $739,000 after buying an additional 199,987 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Finjan during the 3rd quarter worth about $200,000. Finally, Navellier & Associates Inc acquired a new stake in shares of Finjan during the 2nd quarter worth about $201,000. Institutional investors own 33.77% of the company’s stock.

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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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