Horizon Technology Finance (NASDAQ:HRZN) Lowered to Sell Rating by Compass Point

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) was downgraded by analysts at Compass Point from a "neutral" rating to a "sell" rating in a note issued to investors on Wednesday, MarketBeat reports. They currently have a $6.50 price target on the investment management company's stock. Compass Point's target price would indicate a potential downside of 11.98% from the company's previous close.

A number of other brokerages have also recently commented on HRZN. Maxim Group cut their price target on shares of Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Monday, March 10th. StockNews.com lowered Horizon Technology Finance from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods dropped their target price on shares of Horizon Technology Finance from $8.00 to $7.50 and set an "underperform" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group dropped their price objective on shares of Horizon Technology Finance from $9.00 to $8.25 and set a "neutral" rating for the company in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Horizon Technology Finance presently has a consensus rating of "Hold" and a consensus price target of $8.85.

Horizon Technology Finance Stock Up 0.1 %

Horizon Technology Finance stock traded up $0.01 during trading hours on Wednesday, hitting $7.39. The stock had a trading volume of 221,338 shares, compared to its average volume of 368,906. The company has a 50-day moving average of $8.82 and a two-hundred day moving average of $9.18. Horizon Technology Finance has a fifty-two week low of $7.12 and a fifty-two week high of $12.63. The company has a market cap of $297.85 million, a PE ratio of -61.54 and a beta of 1.08.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last issued its earnings results on Tuesday, April 29th. 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 firm had revenue of $24.52 million during the quarter, compared to the consensus estimate of $26.67 million. As a group, analysts forecast that Horizon Technology Finance will post 1.38 EPS for the current fiscal year.

Institutional Trading of Horizon Technology Finance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HRZN. Crew Capital Management Ltd. bought a new position in shares of Horizon Technology Finance in the 4th quarter valued at about $99,000. Mutual Advisors LLC acquired a new stake in shares of Horizon Technology Finance during the fourth quarter worth $106,000. JPMorgan Chase & Co. bought a new stake in Horizon Technology Finance in the third quarter valued at about $117,000. Quantbot Technologies LP lifted its stake in Horizon Technology Finance by 43.0% in the fourth quarter. Quantbot Technologies LP now owns 13,290 shares of the investment management company's stock valued at $119,000 after buying an additional 3,996 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Horizon Technology Finance during the fourth quarter worth about $124,000. 4.94% of the stock is currently owned by institutional investors and hedge funds.

About Horizon Technology Finance

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.