Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Finjan Holdings (FNJN) Stock Price
Headlines about Finjan Holdings (NASDAQ:FNJN) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Finjan Holdings earned a coverage optimism score of 0.03 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 44.661588280536 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Finjan Holdings to Present at the Dawson James Securities 3rd Annual Small Cap Growth Conference on October 19, 2017 (finance.yahoo.com)
- Zacks: Brokerages Expect Finjan Holdings, Inc. (FNJN) to Announce -$0.12 EPS (americanbankingnews.com)
- Comparing Finjan Holdings (FNJN) and Its Peers (americanbankingnews.com)
- ETFs with exposure to Finjan Holdings, Inc. : October 10, 2017 (finance.yahoo.com)
- Finjan Holdings (FNJN) & Its Peers Financial Comparison (americanbankingnews.com)
Several brokerages recently issued reports on FNJN. TheStreet downgraded Finjan Holdings from a “c” rating to a “d+” rating in a research note on Monday, August 28th. B. Riley reissued a “buy” rating and set a $4.00 target price on shares of Finjan Holdings in a research note on Monday, August 14th.
Shares of Finjan Holdings (NASDAQ:FNJN) traded up 0.45% during mid-day trading on Friday, reaching $2.23. The company had a trading volume of 106,459 shares. The stock has a 50 day moving average of $2.31 and a 200-day moving average of $2.60. The company has a market capitalization of $61.24 million, a price-to-earnings ratio of 6.23 and a beta of -0.52. Finjan Holdings has a 52 week low of $1.00 and a 52 week high of $4.06.
Finjan Holdings (NASDAQ:FNJN) last posted its quarterly earnings results on Thursday, August 10th. The software maker reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.17). Finjan Holdings had a net margin of 37.53% and a return on equity of 169.10%. The company had revenue of $2.31 million during the quarter, compared to analyst estimates of $2.32 million. On average, analysts expect that Finjan Holdings will post $0.18 earnings per share for the current fiscal year.
In related news, major shareholder Seed Iv L. P. Israel sold 17,960 shares of the stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $3.49, for a total value of $62,680.40. Following the completion of the transaction, the insider now directly owns 3,169,826 shares in the company, valued at $11,062,692.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Corp Bcpi sold 20,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $3.24, for a total value of $64,800.00. The disclosure for this sale can be found here. Insiders sold 524,832 shares of company stock valued at $1,687,038 over the last quarter. 9.64% of the stock is currently owned by company insiders.
About Finjan Holdings
Finjan Holdings, Inc, through its subsidiaries, operates as a cybersecurity company, provides intellectual property licensing and enforcement services. 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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