Finjan (FNJN) Rating Lowered to Strong Sell at Zacks Investment Research

Share on StockTwits

Zacks Investment Research downgraded shares of Finjan (NASDAQ:FNJN) from a hold rating to a strong sell rating in a research report report published on Monday morning.

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. “

Several other analysts also recently commented on FNJN. TheStreet downgraded Finjan from a b rating to a c rating in a research note on Monday, December 3rd. ValuEngine upgraded Finjan from a strong sell rating to a sell rating in a research note on Wednesday, January 2nd.

Shares of FNJN opened at $3.14 on Monday. Finjan has a 12 month low of $2.11 and a 12 month high of $5.54. The firm has a market cap of $83.61 million, a price-to-earnings ratio of 2.53 and a beta of 0.37.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Shufro Rose & Co. LLC boosted its stake in Finjan by 95.5% during the 4th quarter. Shufro Rose & Co. LLC now owns 21,500 shares of the software maker’s stock valued at $54,000 after purchasing an additional 10,500 shares during the last quarter. Geode Capital Management LLC boosted its stake in Finjan by 11.8% during the 4th quarter. Geode Capital Management LLC now owns 197,986 shares of the software maker’s stock valued at $496,000 after purchasing an additional 20,886 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Finjan by 208.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 34,325 shares of the software maker’s stock valued at $150,000 after purchasing an additional 23,206 shares during the last quarter. PEAK6 Investments LLC purchased a new stake in Finjan during the 3rd quarter valued at $101,000. Finally, BlackRock Inc. boosted its stake in Finjan by 144.4% during the 2nd quarter. BlackRock Inc. now owns 54,696 shares of the software maker’s stock valued at $186,000 after purchasing an additional 32,313 shares during the last quarter. Institutional investors and hedge funds own 56.84% of the company’s stock.

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.

See Also: Are analyst ratings accurate?

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.



Latest News

Liberty Wealth Management LLC Raises Position in Vanguard Total Stock Market ETF
Liberty Wealth Management LLC Raises Position in Vanguard Total Stock Market ETF
Adobe Inc  Shares Sold by Landaas & Co. WI ADV
Adobe Inc Shares Sold by Landaas & Co. WI ADV
Mycio Wealth Partners LLC Sells 5,373 Shares of iShares Russell 2000 ETF
Mycio Wealth Partners LLC Sells 5,373 Shares of iShares Russell 2000 ETF
New Capital Management LP Acquires Shares of 301 iShares Russell 2000 ETF
New Capital Management LP Acquires Shares of 301 iShares Russell 2000 ETF
Las Vegas Sands  Downgraded to “Hold” at HSBC
Las Vegas Sands Downgraded to “Hold” at HSBC
Financial Gravity Wealth Inc. Purchases New Holdings in Chubb Ltd
Financial Gravity Wealth Inc. Purchases New Holdings in Chubb Ltd


 
© 2006-2019 Zolmax.