Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) had its target price decreased by stock analysts at Maxim Group from $15.00 to $13.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the investment management company's stock. Maxim Group's price target would suggest a potential upside of 41.54% from the company's previous close.
HRZN has been the subject of several other research reports. StockNews.com downgraded shares of Horizon Technology Finance from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Compass Point raised shares of Horizon Technology Finance from a "sell" rating to a "neutral" rating and set a $8.25 price objective for the company in a research report on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Horizon Technology Finance from $9.00 to $8.00 and set an "underperform" rating on the stock in a research note on Friday, March 7th. 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's stock. Based on data from MarketBeat, Horizon Technology Finance presently has a consensus rating of "Hold" and a consensus target price of $9.75.
View Our Latest Stock Analysis on HRZN
Horizon Technology Finance Price Performance
Shares of HRZN stock traded up $0.11 during midday trading on Monday, reaching $9.19. 289,902 shares of the company traded hands, compared to its average volume of 339,899. The firm's 50 day simple moving average is $9.41 and its two-hundred day simple moving average is $9.76. Horizon Technology Finance has a 1-year low of $8.46 and a 1-year high of $12.63. The firm has a market cap of $370.29 million, a PE ratio of -76.57 and a beta of 1.18.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last announced its earnings results on Tuesday, March 4th. The investment management company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.06). Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. The company had revenue of $23.55 million for the quarter, compared to analyst estimates of $25.69 million. As a group, research analysts anticipate that Horizon Technology Finance will post 1.38 earnings per share for the current fiscal year.
Insider Activity at Horizon Technology Finance
In other news, Director Michael Balkin bought 20,000 shares of Horizon Technology Finance stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of $8.53 per share, for a total transaction of $170,600.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company's stock, valued at $170,600. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.34% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new position in Horizon Technology Finance in the third quarter valued at about $25,000. Private Trust Co. NA purchased a new position in Horizon Technology Finance in the third quarter valued at about $38,000. Quantbot Technologies LP purchased a new position in Horizon Technology Finance in the third quarter valued at about $99,000. Crew Capital Management Ltd. purchased a new position in Horizon Technology Finance in the fourth quarter valued at about $99,000. Finally, Mutual Advisors LLC purchased a new position in Horizon Technology Finance in the fourth quarter valued at about $106,000. Institutional investors and hedge funds own 4.94% of the company's stock.
Horizon Technology Finance Company Profile
(
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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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