Analysts Set Horizon Technology Finance Corporation (NASDAQ:HRZN) PT at $7.00

Shares of Horizon Technology Finance Corporation (NASDAQ:HRZN) have received a consensus rating of “Reduce” from the six ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $7.00.

HRZN has been the topic of a number of recent analyst reports. UBS Group raised their price target on Horizon Technology Finance from $6.25 to $6.50 and gave the company a “neutral” rating in a report on Wednesday, November 19th. Wall Street Zen raised Horizon Technology Finance from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Horizon Technology Finance in a research note on Thursday, January 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HRZN. Schonfeld Strategic Advisors LLC purchased a new position in shares of Horizon Technology Finance during the fourth quarter valued at about $187,000. Regal Investment Advisors LLC purchased a new position in Horizon Technology Finance during the 4th quarter valued at approximately $316,000. Captrust Financial Advisors bought a new stake in Horizon Technology Finance in the 4th quarter worth approximately $323,000. HRT Financial LP purchased a new stake in shares of Horizon Technology Finance during the 4th quarter worth approximately $77,000. Finally, Financial Engines Advisors L.L.C. bought a new position in shares of Horizon Technology Finance during the 4th quarter valued at approximately $139,000. Institutional investors own 4.94% of the company’s stock.

Horizon Technology Finance Price Performance

Shares of NASDAQ HRZN opened at $6.58 on Wednesday. The stock has a market cap of $304.79 million, a PE ratio of -9.82 and a beta of 0.98. Horizon Technology Finance has a 1 year low of $5.70 and a 1 year high of $9.99. The firm has a fifty day moving average price of $6.57 and a 200-day moving average price of $6.59.

Horizon Technology Finance Company Profile

Horizon Technology Finance Corporation is a specialty finance company organized as a business development company (BDC) that provides private credit solutions to venture capital and private equity-backed technology, life science and healthcare companies. The firm targets companies at various stages of development, offering secured debt financing structures such as first‐lien and second‐lien loans, as well as equity co‐investment opportunities in select portfolio companies.

Horizon Technology Finance’s investment strategy emphasizes deployment of capital in U.S.‐based enterprises with proven technology, strong management teams and clear paths to growth.