Finjan (NASDAQ:FNJN) Downgraded by Zacks Investment Research to Sell

Finjan (NASDAQ:FNJN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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. “

Separately, B. Riley restated a “buy” rating on shares of Finjan in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Finjan has an average rating of “Buy” and a consensus price target of $3.75.

Shares of FNJN traded down $0.06 during mid-day trading on Tuesday, reaching $2.06. The company’s stock had a trading volume of 31,874 shares, compared to its average volume of 51,471. Finjan has a 12-month low of $1.67 and a 12-month high of $3.44. The stock has a market cap of $57.01 million, a PE ratio of -3.13 and a beta of 0.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.91 and a quick ratio of 3.91. The company’s 50 day moving average is $2.10 and its 200 day moving average is $2.02.

Finjan (NASDAQ:FNJN) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The firm had revenue of $5.90 million during the quarter, compared to analyst estimates of $5.90 million. As a group, sell-side analysts anticipate that Finjan will post -0.34 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Alpine Group USVI LLC acquired a new stake in Finjan during the 3rd quarter worth approximately $1,534,000. Alpine Global Management LLC lifted its position in Finjan by 33.6% during the 4th quarter. Alpine Global Management LLC now owns 1,024,643 shares of the software maker’s stock worth $2,060,000 after acquiring an additional 257,700 shares during the period. BlackRock Inc. lifted its position in Finjan by 101.0% during the 2nd quarter. BlackRock Inc. now owns 100,804 shares of the software maker’s stock worth $224,000 after acquiring an additional 50,657 shares during the period. Shufro Rose & Co. LLC lifted its position in Finjan by 27.4% during the 4th quarter. Shufro Rose & Co. LLC now owns 46,500 shares of the software maker’s stock worth $93,000 after acquiring an additional 10,000 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Finjan by 15.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 57,850 shares of the software maker’s stock worth $128,000 after acquiring an additional 7,800 shares during the period. Hedge funds and other institutional investors own 52.77% 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.

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