Finjan Holdings, Inc. (FNJN) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of Finjan Holdings, Inc. (NASDAQ:FNJN) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price target of $10.85 for the company and are anticipating that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also given Finjan an industry rank of 98 out of 265 based on the ratings given to its competitors.

Separately, B. Riley increased their target price on Finjan from $4.00 to $5.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd.

Shares of Finjan (NASDAQ FNJN) traded down $0.12 during trading hours on Monday, reaching $2.20. The company’s stock had a trading volume of 324,000 shares, compared to its average volume of 297,514. The firm has a market cap of $60.96, a PE ratio of 4.15 and a beta of 0.78. Finjan has a 52-week low of $1.27 and a 52-week high of $4.06.

In other news, major shareholder Corp Bcpi sold 47,500 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $2.16, for a total transaction of $102,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Seed Iv L. P. Israel sold 145,200 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $2.56, for a total value of $371,712.00. Following the sale, the insider now owns 3,002,065 shares in the company, valued at approximately $7,685,286.40. The disclosure for this sale can be found here. Insiders have sold 382,110 shares of company stock worth $918,466 in the last 90 days. Insiders own 9.64% of the company’s stock.

Several hedge funds have recently bought and sold shares of FNJN. Advisor Group Inc. purchased a new position in shares of Finjan in the 2nd quarter worth $132,000. Goldman Sachs Group Inc. purchased a new position in shares of Finjan in the 2nd quarter worth $148,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Finjan in the 2nd quarter worth $162,000. Macquarie Group Ltd. purchased a new position in shares of Finjan in the 3rd quarter worth $200,000. Finally, Navellier & Associates Inc purchased a new position in shares of Finjan in the 2nd quarter worth $201,000. Institutional investors and hedge funds own 33.68% 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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