Zacks Investment Research Downgrades Finjan (NASDAQ:FNJN) to Hold

Zacks Investment Research downgraded shares of Finjan (NASDAQ:FNJN) from a buy rating to a hold rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Finjan Holdings, Inc. operates as an online security and technology company primarily in the United States. It owns a portfolio of patents related to software that detects malicious code and protects end-users from identity and data theft, spyware, malware, phishing, Trojans and other online threats. Finjan Holdings Inc., formerly known as Converted Organics Inc., is based in New York. “

FNJN has been the subject of a number of other reports. B. Riley set a $5.00 price target on Finjan and gave the company a buy rating in a research report on Wednesday, July 31st. ValuEngine raised Finjan from a hold rating to a buy rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $3.75.

Shares of FNJN opened at $2.09 on Tuesday. The company has a current ratio of 4.74, a quick ratio of 5.56 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $57.75 million, a price-to-earnings ratio of 2.99 and a beta of 0.36. The stock has a 50 day moving average of $2.20 and a 200 day moving average of $2.70. Finjan has a 12 month low of $1.96 and a 12 month high of $5.54.

Finjan (NASDAQ:FNJN) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.07) EPS for the quarter. The company had revenue of $7.25 million during the quarter, compared to the consensus estimate of $7.25 million. As a group, equities research analysts predict that Finjan will post 0.2 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bailard Inc. bought a new position in Finjan during the first quarter valued at $76,000. Shufro Rose & Co. LLC grew its holdings in Finjan by 23.3% during the second quarter. Shufro Rose & Co. LLC now owns 26,500 shares of the software maker’s stock valued at $59,000 after purchasing an additional 5,000 shares during the period. Deutsche Bank AG grew its holdings in Finjan by 11.8% during the fourth quarter. Deutsche Bank AG now owns 38,501 shares of the software maker’s stock valued at $96,000 after purchasing an additional 4,077 shares during the period. B. Riley Financial Inc. bought a new position in Finjan during the first quarter valued at $147,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Finjan by 15.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 57,850 shares of the software maker’s stock valued at $128,000 after purchasing an additional 7,800 shares during the period. 58.33% of the stock is owned by institutional investors.

Finjan Company Profile

Finjan Holdings, Inc, a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally. 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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