Equities analysts predict that Finjan Holdings, Inc. (NASDAQ:FNJN) will post $2.32 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Finjan Holdings’ earnings. The lowest sales estimate is $2.30 million and the highest is $2.34 million. Finjan Holdings reported sales of $6.53 million during the same quarter last year, which indicates a negative year-over-year growth rate of 64.5%. The business is scheduled to issue its next earnings results on Tuesday, August 8th.
On average, analysts expect that Finjan Holdings will report full year sales of $2.32 million for the current financial year, with estimates ranging from $34.50 million to $76.39 million. For the next fiscal year, analysts anticipate that the firm will report sales of $21.75 million per share. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Finjan Holdings.
FNJN has been the subject of several recent analyst reports. B. Riley restated a “buy” rating and issued a $2.75 target price on shares of Finjan Holdings in a research note on Wednesday, March 29th. TheStreet upgraded shares of Finjan Holdings from a “d-” rating to a “c” rating in a research note on Monday, June 12th.
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Shares of Finjan Holdings (FNJN) traded down 0.30% during trading on Friday, reaching $3.34. 317,207 shares of the company were exchanged. The company’s 50-day moving average is $3.13 and its 200 day moving average is $1.92. Finjan Holdings has a 1-year low of $1.00 and a 1-year high of $4.06. The firm has a market capitalization of $77.39 million, a PE ratio of 7.18 and a beta of -0.80.
In other Finjan Holdings news, major shareholder Seed Iv L. P. Israel sold 50,000 shares of the firm’s stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $1.84, for a total value of $92,000.00. Following the completion of the transaction, the insider now owns 4,142,207 shares of the company’s stock, valued at $7,621,660.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Corp Bcpi sold 72,000 shares of the firm’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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,987,764 shares of company stock valued at $6,023,565. 9.64% of the stock is owned by insiders.
A hedge fund recently raised its stake in Finjan Holdings stock. Renaissance Technologies LLC increased its position in Finjan Holdings, Inc. (NASDAQ:FNJN) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,200 shares of the software maker’s stock after buying an additional 13,700 shares during the period. Renaissance Technologies LLC owned 0.53% of Finjan Holdings worth $138,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 22.91% of the company’s stock.
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