Finjan (NASDAQ:FNJN) Upgraded at Zacks Investment Research

Finjan (NASDAQ:FNJN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday, Zacks.com reports. The firm currently has a $2.50 target price on the software maker’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 20.77% from the company’s current price.

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 analysts have also issued reports on the company. B. Riley set a $5.00 target price 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. Four investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $3.75.

NASDAQ FNJN traded down $0.06 on Monday, reaching $2.07. The stock had a trading volume of 87,800 shares, compared to its average volume of 101,602. The company has a market capitalization of $59.36 million, a price-to-earnings ratio of 2.96 and a beta of 0.36. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.04. Finjan has a 12-month low of $2.04 and a 12-month high of $5.54. The company’s fifty day moving average price is $2.21.

Finjan (NASDAQ:FNJN) last announced its earnings results on Thursday, August 8th. The software maker reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $7.25 million during the quarter, compared to the consensus estimate of $7.25 million. On average, sell-side analysts expect that Finjan will post 0.5 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Finjan by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,207,345 shares of the software maker’s stock worth $3,030,000 after buying an additional 81,697 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Finjan by 11.8% in the 4th quarter. Geode Capital Management LLC now owns 197,986 shares of the software maker’s stock worth $496,000 after buying an additional 20,886 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Finjan in the 4th quarter worth approximately $254,000. Deutsche Bank AG grew its position in shares of Finjan by 11.8% in the 4th quarter. Deutsche Bank AG now owns 38,501 shares of the software maker’s stock worth $96,000 after buying an additional 4,077 shares during the last quarter. Finally, Bailard Inc. bought a new stake in shares of Finjan in the 1st quarter worth approximately $76,000. 57.42% of the stock is currently owned by institutional investors and hedge funds.

About Finjan

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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