Brokerages Set Horizon Technology Finance Corporation (NASDAQ:HRZN) Target Price at $7.00

Shares of Horizon Technology Finance Corporation (NASDAQ:HRZN) have been given an average rating of “Reduce” by the six brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $7.00.

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Horizon Technology Finance in a report on Thursday, January 22nd. Wall Street Zen raised shares of Horizon Technology Finance from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, UBS Group lifted their price target on shares of Horizon Technology Finance from $6.25 to $6.50 and gave the company a “neutral” rating in a research note on Wednesday, November 19th.

Horizon Technology Finance Price Performance

HRZN opened at $6.67 on Wednesday. The company has a market capitalization of $308.93 million, a price-to-earnings ratio of -9.96 and a beta of 0.98. The business’s 50-day moving average price is $6.57 and its two-hundred day moving average price is $6.63. Horizon Technology Finance has a 1 year low of $5.70 and a 1 year high of $9.99.

Institutional Trading of Horizon Technology Finance

Several institutional investors and hedge funds have recently bought and sold shares of the stock. N.E.W. Advisory Services LLC boosted its holdings in shares of Horizon Technology Finance by 100.0% during the 4th quarter. N.E.W. Advisory Services LLC now owns 4,000 shares of the investment management company’s stock worth $26,000 after buying an additional 2,000 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Horizon Technology Finance during the second quarter worth approximately $60,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of Horizon Technology Finance during the fourth quarter worth approximately $67,000. Allworth Financial LP bought a new stake in shares of Horizon Technology Finance during the second quarter worth approximately $73,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Horizon Technology Finance in the second quarter valued at approximately $77,000. Institutional investors own 4.94% of the company’s stock.

About Horizon Technology Finance

Horizon Technology Finance Corporation is a specialty finance company organized as a business development company (BDC) that provides private credit solutions to venture capital and private equity-backed technology, life science and healthcare companies. The firm targets companies at various stages of development, offering secured debt financing structures such as first‐lien and second‐lien loans, as well as equity co‐investment opportunities in select portfolio companies.

Horizon Technology Finance’s investment strategy emphasizes deployment of capital in U.S.‐based enterprises with proven technology, strong management teams and clear paths to growth.