Zacks: Finjan Holdings, Inc. (FNJN) Given $6.00 Average Target Price by Brokerages

Shares of Finjan Holdings, Inc. (NASDAQ:FNJN) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports.

Brokerages have set a one year consensus target price of $6.00 for the company and are anticipating that the company will post ($0.04) earnings per share for the current quarter, according to Zacks. Zacks has also given Finjan an industry rank of 105 out of 265 based on the ratings given to related companies.

Several brokerages have commented on FNJN. B. Riley reiterated a “buy” rating and set a $4.00 target price on shares of Finjan in a research note on Tuesday, November 21st. TheStreet cut Finjan from a “c” rating to a “d+” rating in a report on Monday, August 28th.

In other news, major shareholder Corp Bcpi sold 15,000 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $2.33, for a total transaction of $34,950.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 125,581 shares of company stock worth $277,817 over the last three months. Insiders own 9.64% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. B. Riley Financial Inc. lifted its holdings 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 valued at $4,849,000 after buying an additional 399,032 shares during the period. Dimensional Fund Advisors LP raised its holdings in Finjan by 128.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 400,732 shares of the software maker’s stock worth $942,000 after purchasing an additional 225,251 shares during the period. Vanguard Group Inc. raised its holdings in Finjan by 793.0% in the 2nd quarter. Vanguard Group Inc. now owns 225,205 shares of the software maker’s stock worth $739,000 after purchasing an additional 199,987 shares during the period. Renaissance Technologies LLC raised its holdings in Finjan by 11.0% in the 1st quarter. Renaissance Technologies LLC now owns 135,700 shares of the software maker’s stock worth $236,000 after purchasing an additional 13,500 shares during the period. Finally, Virtu KCG Holdings LLC raised its holdings 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 purchasing an additional 104,040 shares during the period. 34.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Finjan (FNJN) traded up $0.14 on Thursday, reaching $2.28. The company’s stock had a trading volume of 129,799 shares, compared to its average volume of 182,385. Finjan has a 1-year low of $1.00 and a 1-year high of $4.06. The stock has a market cap of $63.17, a P/E ratio of 5.56 and a beta of -0.13.

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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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