Finjan Holdings Inc (NASDAQ:FNJN) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 318,000 shares, a decrease of 11.4% from the September 30th total of 358,800 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily volume of 47,400 shares, the days-to-cover ratio is currently 6.7 days.
Several hedge funds and other institutional investors have recently bought and sold shares of FNJN. Alpine Group USVI LLC acquired a new stake in Finjan in the third quarter valued at approximately $1,534,000. Alpine Global Management LLC raised its holdings in Finjan by 243.1% in the second quarter. Alpine Global Management LLC now owns 739,685 shares of the software maker’s stock valued at $1,642,000 after acquiring an additional 524,118 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Finjan in the second quarter valued at approximately $493,000. BlackRock Inc. raised its holdings in Finjan by 101.0% in the second quarter. BlackRock Inc. now owns 100,804 shares of the software maker’s stock valued at $224,000 after acquiring an additional 50,657 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its holdings in Finjan by 36.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 137,660 shares of the software maker’s stock valued at $306,000 after acquiring an additional 36,580 shares in the last quarter. 54.26% of the stock is owned by institutional investors and hedge funds.
FNJN has been the subject of a number of analyst reports. ValuEngine raised shares of Finjan from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. TheStreet lowered shares of Finjan from a “c+” rating to a “d+” rating in a report on Friday, August 30th. Zacks Investment Research lowered shares of Finjan from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, B. Riley reissued a “buy” rating on shares of Finjan in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $3.75.
FNJN stock traded down $0.05 during mid-day trading on Monday, hitting $1.76. 106,792 shares of the company were exchanged, compared to its average volume of 84,853. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $51.41 million, a P/E ratio of 2.51 and a beta of 0.38. The business has a fifty day simple moving average of $1.94 and a 200-day simple moving average of $2.19. Finjan has a 12-month low of $1.67 and a 12-month high of $3.44.
Finjan (NASDAQ:FNJN) last announced its earnings results on Wednesday, November 6th. The software maker reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.02). The business had revenue of $5.90 million for the quarter, compared to the consensus estimate of $5.90 million. Research analysts predict that Finjan will post -0.34 EPS for the current year.
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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