Horizon Technology Finance Corporation (NASDAQ:HRZN) Stock Has Average Price Target of $5.00

Key Points

• Analysts have a consensus “Hold” rating on Horizon Technology Finance, with five hold, one sell and one buy recommendation. The average 12-month price target is $5.00, compared with the stock’s recent $4.11 price.
• Horizon reported quarterly EPS of $0.11, below the $0.13 consensus estimate, while revenue of $25.05 million was slightly under expectations. The stock has traded between $3.80 and $6.85 over the past year.
• The company declared a monthly dividend of $0.06, equating to an annualized $0.72 payout and a 17.5% yield; however, its dividend payout ratio is high at 200%.

Shares of Horizon Technology Finance Corporation (NASDAQ:HRZN - Get Free Report) have earned an average recommendation of "Hold" from the seven ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $5.00.

Several research analysts have issued reports on HRZN shares. UBS Group raised their target price on Horizon Technology Finance from $4.25 to $4.50 and gave the stock a "neutral" rating in a research report on Tuesday, September 1st. Oppenheimer decreased their price target on shares of Horizon Technology Finance from $6.00 to $5.00 and set a "market perform" rating on the stock in a research report on Friday, August 7th. Keefe, Bruyette & Woods cut their price objective on shares of Horizon Technology Finance from $5.00 to $4.50 and set a "market perform" rating for the company in a research report on Friday, August 21st. Weiss Ratings downgraded shares of Horizon Technology Finance from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, August 19th. Finally, Compass Point initiated coverage on Horizon Technology Finance in a research report on Thursday, August 27th. They set a "buy" rating and a $5.50 target price on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Ausdal Financial Partners Inc. bought a new position in shares of Horizon Technology Finance during the 2nd quarter valued at approximately $54,000. Sanctuary Advisors LLC bought a new stake in Horizon Technology Finance during the 1st quarter worth approximately $50,000. Patriot Financial Group Insurance Agency LLC bought a new stake in Horizon Technology Finance during the 1st quarter worth approximately $52,000. Chapin Davis Inc. bought a new stake in Horizon Technology Finance during the 2nd quarter worth approximately $60,000. Finally, HighTower Advisors LLC bought a new stake in Horizon Technology Finance during the 2nd quarter worth approximately $61,000. Institutional investors own 4.94% of the company's stock.

Horizon Technology Finance Price Performance

NASDAQ HRZN opened at $4.11 on Tuesday. The stock has a market capitalization of $275.49 million, a price-to-earnings ratio of 11.42 and a beta of 1.00. Horizon Technology Finance has a 1-year low of $3.80 and a 1-year high of $6.85. The business's fifty day moving average price is $4.72 and its 200-day moving average price is $4.51.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The investment management company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $25.05 million during the quarter, compared to the consensus estimate of $25.22 million. Horizon Technology Finance had a return on equity of 11.15% and a net margin of 5.27%. Equities research analysts anticipate that Horizon Technology Finance will post 0.63 EPS for the current year.

Horizon Technology Finance Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, November 17th will be given a $0.06 dividend. The ex-dividend date is Tuesday, November 17th. This represents a $0.72 dividend on an annualized basis and a yield of 17.5%. Horizon Technology Finance's dividend payout ratio is presently 200.00%.

About Horizon Technology Finance

Horizon Technology Finance Corporation NASDAQ: HRZN is a business development company that provides secured venture loans to companies backed by venture capital and private equity investors. The company focuses on lending to businesses that may have limited access to traditional bank financing but possess growth potential and institutional investor support.

Horizon primarily serves companies in the technology, life sciences, healthcare information and services, and sustainability sectors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.