Equities research analysts at B. Riley initiated coverage on shares of Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a "neutral" rating and a $7.00 price target on the investment management company's stock. B. Riley's price objective suggests a potential downside of 8.26% from the stock's previous close.
Several other research firms have also weighed in on HRZN. UBS Group lowered their price objective on Horizon Technology Finance from $9.00 to $8.25 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Maxim Group lowered their price target on Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, March 10th. StockNews.com lowered shares of Horizon Technology Finance from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Compass Point cut shares of Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $6.50 price target on the stock. in a report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Horizon Technology Finance from $8.00 to $7.50 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $8.45.
View Our Latest Report on Horizon Technology Finance
Horizon Technology Finance Stock Up 0.5%
Shares of NASDAQ:HRZN traded up $0.04 during midday trading on Tuesday, hitting $7.63. The stock had a trading volume of 305,536 shares, compared to its average volume of 376,978. The company has a market capitalization of $307.91 million, a P/E ratio of -63.58 and a beta of 1.05. The company's 50-day moving average price is $8.58 and its 200-day moving average price is $9.07. Horizon Technology Finance has a fifty-two week low of $7.12 and a fifty-two week high of $12.63.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last announced 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 negative net margin of 3.69% and a positive return on equity of 15.78%. The company had revenue of $24.52 million during the quarter, compared to the consensus estimate of $26.67 million. Research analysts expect 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 have recently made changes to their positions in the stock. TrueMark Investments LLC bought a new stake in shares of Horizon Technology Finance during the 4th quarter valued at about $1,882,000. Marshall Wace LLP purchased a new position in shares of Horizon Technology Finance during the 4th quarter worth approximately $1,288,000. Trexquant Investment LP raised its position in shares of Horizon Technology Finance by 196.4% in the 4th quarter. Trexquant Investment LP now owns 198,451 shares of the investment management company's stock worth $1,784,000 after acquiring an additional 131,505 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Horizon Technology Finance in the 4th quarter valued at approximately $788,000. Finally, Green Alpha Advisors LLC boosted its position in shares of Horizon Technology Finance by 23.5% during the first quarter. Green Alpha Advisors LLC now owns 358,742 shares of the investment management company's stock valued at $3,379,000 after purchasing an additional 68,295 shares in the last quarter. 4.94% of the stock is owned by institutional investors.
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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