Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) had its price target decreased by research analysts at Keefe, Bruyette & Woods from $9.00 to $8.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "underperform" rating on the investment management company's stock. Keefe, Bruyette & Woods' price objective would indicate a potential downside of 13.70% from the stock's current price.
Other equities analysts have also recently issued research reports about the company. StockNews.com cut Horizon Technology Finance from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Compass Point raised Horizon Technology Finance from a "sell" rating to a "neutral" rating and set a $8.25 price target on the stock in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $8.94.
Check Out Our Latest Report on Horizon Technology Finance
Horizon Technology Finance Stock Up 5.2 %
Horizon Technology Finance stock traded up $0.46 during midday trading on Friday, hitting $9.27. The company's stock had a trading volume of 580,693 shares, compared to its average volume of 341,952. The stock's 50-day moving average price is $9.39 and its 200-day moving average price is $9.80. Horizon Technology Finance has a 12 month low of $8.46 and a 12 month high of $12.63. The company has a market capitalization of $373.72 million, a PE ratio of -77.25 and a beta of 1.18.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.06). Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. The business had revenue of $23.55 million during the quarter, compared to the consensus estimate of $25.69 million. As a group, equities analysts anticipate that Horizon Technology Finance will post 1.38 EPS for the current year.
Insider Buying and Selling at Horizon Technology Finance
In other Horizon Technology Finance news, Director Michael Balkin bought 20,000 shares of the stock in a transaction on Monday, December 16th. The shares were bought at an average price of $8.53 per share, with a total value of $170,600.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at $170,600. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.34% of the company's stock.
Hedge Funds Weigh In On Horizon Technology Finance
Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new position in Horizon Technology Finance during the 3rd quarter valued at about $25,000. Private Trust Co. NA acquired a new stake in shares of Horizon Technology Finance during the 3rd quarter valued at about $38,000. Quantbot Technologies LP acquired a new stake in shares of Horizon Technology Finance during the 3rd quarter valued at about $99,000. Crew Capital Management Ltd. acquired a new stake in shares of Horizon Technology Finance during the 4th quarter valued at about $99,000. Finally, Mutual Advisors LLC acquired a new stake in shares of Horizon Technology Finance during the 4th quarter valued at about $106,000. Hedge funds and other institutional investors own 4.94% of the company's stock.
About Horizon Technology Finance
(
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Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, cleantech and sustainability industries.
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