Finjan (NASDAQ:FNJN) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Finjan (NASDAQ:FNJN) from a sell rating to a hold rating in a research note published on Wednesday morning, 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. “

A number of other research analysts have also issued reports on FNJN. ValuEngine upgraded Yara International ASA from a sell rating to a hold rating in a research report on Tuesday, March 19th. Dawson James reiterated a buy rating on shares of Finjan in a research report on Friday, March 29th.

NASDAQ:FNJN opened at $2.29 on Wednesday. Finjan has a 12-month low of $2.11 and a 12-month high of $5.54. The firm has a market cap of $64.06 million, a price-to-earnings ratio of 3.27 and a beta of 0.41. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $2.31.

Finjan (NASDAQ:FNJN) last released its quarterly earnings data on Wednesday, May 8th. The software maker reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.03). As a group, sell-side analysts forecast that Finjan will post 0.5 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Bailard Inc. acquired a new position in Finjan during the 1st quarter worth $76,000. Deutsche Bank AG grew its stake in Finjan by 11.8% in 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 in the last quarter. B. Riley Financial Inc. purchased a new position in Finjan in the first quarter valued at about $147,000. O Shaughnessy Asset Management LLC grew its stake in Finjan by 34.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 60,044 shares of the software maker’s stock valued at $176,000 after purchasing an additional 15,282 shares in the last quarter. Finally, Globeflex Capital L P grew its stake in Finjan by 12.1% in the first quarter. Globeflex Capital L P now owns 77,381 shares of the software maker’s stock valued at $227,000 after purchasing an additional 8,373 shares in the last quarter. Institutional investors own 55.48% of the company’s stock.

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.

See Also: Why is the price target of stocks important?

Get a free copy of the Zacks research report on Finjan (FNJN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Finjan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finjan and related companies with MarketBeat.com's FREE daily email newsletter.