Finjan (NASDAQ:FNJN) Upgraded to Hold by Zacks Investment Research

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Zacks Investment Research upgraded shares of Finjan (NASDAQ:FNJN) from a sell rating to a hold rating in a report published on Wednesday morning, 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. “

A number of other equities analysts have also recently issued reports on FNJN. ValuEngine raised Yara International ASA from a sell rating to a hold rating in a report on Tuesday, March 19th. Dawson James reissued a buy rating on shares of Finjan in a report on Friday, March 29th.

Finjan stock opened at $2.29 on Wednesday. The firm has a 50 day moving average price of $2.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.56 and a current ratio of 5.56. The firm has a market cap of $64.06 million, a PE ratio of 3.27 and a beta of 0.41. Finjan has a 12 month low of $2.11 and a 12 month high of $5.54.

Finjan (NASDAQ:FNJN) last posted its quarterly earnings results on Wednesday, May 8th. The software maker reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.03). As a group, sell-side analysts expect that Finjan will post 0.5 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Bailard Inc. acquired a new position in shares of Finjan in the 1st quarter worth approximately $76,000. Deutsche Bank AG raised its holdings 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 in the last quarter. B. Riley Financial Inc. acquired a new position in shares of Finjan in the 1st quarter worth approximately $147,000. O Shaughnessy Asset Management LLC raised its holdings in shares of Finjan by 34.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 60,044 shares of the software maker’s stock worth $176,000 after buying an additional 15,282 shares in the last quarter. Finally, Globeflex Capital L P raised its holdings in shares of Finjan by 12.1% in the 1st quarter. Globeflex Capital L P now owns 77,381 shares of the software maker’s stock worth $227,000 after buying an additional 8,373 shares in the last quarter. 55.48% of the stock is 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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