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Horizon Technology Finance (HRZN) Stock Forecast, Price & News

$12.06
-0.17 (-1.39%)
(As of 06/9/2023 ET)
Compare
Today's Range
$12.00
$12.22
50-Day Range
$10.99
$13.27
52-Week Range
$9.67
$13.96
Volume
290,782 shs
Average Volume
261,580 shs
Market Capitalization
$345.64 million
P/E Ratio
13.70
Dividend Yield
10.95%
Price Target
$11.20

Horizon Technology Finance MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.1% Downside
$11.20 Price Target
Short Interest
Bearish
3.52% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
0.59%
From $1.69 to $1.70 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.52 out of 5 stars

Finance Sector

848th out of 870 stocks

Investment Offices, Not Elsewhere Classified Industry

7th out of 8 stocks


HRZN stock logo

About Horizon Technology Finance (NASDAQ:HRZN) Stock

Horizon Technology Finance Corp. operates as a specialty finance company, which engages in the provision of capital in the form of secured loans to venture capital backed companies. It is also involved in lending and investing in portfolio companies in technology, life science, healthcare information and services and cleantech industries. The company was founded by John C. Bombara, Daniel S. Devorsetz, Robert D. Pomeroy and Gerald A. Michaud on March 16, 2010 and is headquartered in Farmington, CT.

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HRZN Stock News Headlines

Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
See More Headlines

HRZN Price History

HRZN Company Calendar

Last Earnings
5/02/2023
Ex-Dividend for 6/14 Dividend
5/17/2023
Today
6/09/2023
Dividend Payable
6/14/2023
Ex-Dividend for 7/14 Dividend
6/15/2023
Dividend Payable
7/14/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Investment offices, not elsewhere classified
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
Current Symbol
NASDAQ:HRZN
CUSIP
44045A10
Employees
N/A
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$11.20
High Stock Price Forecast
$12.50
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
-7.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$21.15 million
Pretax Margin
47.59%

Debt

Sales & Book Value

Annual Sales
$79.19 million
Cash Flow
$1.41 per share
Book Value
$12.06 per share

Miscellaneous

Free Float
28,227,000
Market Cap
$345.64 million
Optionable
Optionable
Beta
1.16

Social Links


Key Executives

  • Rob Pomeroy
    Chairman & Chief Executive Officer
  • Gerald A. MichaudGerald A. Michaud
    President & Director
  • Dan Devorsetz
    Executive VP, Chief Operating & Investment Officer
  • Daniel R. Trolio
    Chief Financial Officer, Treasurer & Executive VP
  • Todd A. McDonald
    Senior Managing Director-Technology













HRZN Stock - Frequently Asked Questions

Should I buy or sell Horizon Technology Finance stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Horizon Technology Finance in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" HRZN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HRZN, but not buy additional shares or sell existing shares.
View HRZN analyst ratings
or view top-rated stocks.

What is Horizon Technology Finance's stock price forecast for 2023?

5 brokers have issued 12-month price targets for Horizon Technology Finance's stock. Their HRZN share price forecasts range from $10.00 to $12.50. On average, they anticipate the company's stock price to reach $11.20 in the next twelve months. This suggests that the stock has a possible downside of 7.1%.
View analysts price targets for HRZN
or view top-rated stocks among Wall Street analysts.

How have HRZN shares performed in 2023?

Horizon Technology Finance's stock was trading at $11.60 at the beginning of 2023. Since then, HRZN stock has increased by 4.0% and is now trading at $12.06.
View the best growth stocks for 2023 here
.

When is Horizon Technology Finance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our HRZN earnings forecast
.

How were Horizon Technology Finance's earnings last quarter?

Horizon Technology Finance Co. (NASDAQ:HRZN) announced its quarterly earnings data on Tuesday, May, 2nd. The investment management company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.07. The investment management company had revenue of $28.04 million for the quarter, compared to analysts' expectations of $24.92 million. Horizon Technology Finance had a net margin of 24.66% and a trailing twelve-month return on equity of 14.04%.

How often does Horizon Technology Finance pay dividends? What is the dividend yield for Horizon Technology Finance?

Horizon Technology Finance announced a monthly dividend on Friday, April 28th. Shareholders of record on Friday, June 16th will be paid a dividend of $0.11 per share on Friday, July 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.95%. The ex-dividend date is Thursday, June 15th.
Read our dividend analysis for HRZN
.

What ETFs hold Horizon Technology Finance's stock?

ETFs with the largest weight of Horizon Technology Finance (NASDAQ:HRZN) stock in their portfolio include AXS Green Alpha ETF (NXTE).Virtus Private Credit Strategy ETF (VPC).

Is Horizon Technology Finance a good dividend stock?

Horizon Technology Finance (NASDAQ:HRZN) pays an annual dividend of $1.32 per share and currently has a dividend yield of 10.80%. HRZN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 150.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, HRZN will have a dividend payout ratio of 77.65% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for HRZN.

What other stocks do shareholders of Horizon Technology Finance own?
What is Horizon Technology Finance's stock symbol?

Horizon Technology Finance trades on the NASDAQ under the ticker symbol "HRZN."

Who are Horizon Technology Finance's major shareholders?

Horizon Technology Finance's stock is owned by a number of retail and institutional investors. Top institutional investors include Advisors Asset Management Inc. (1.00%), Green Alpha Advisors LLC (0.82%), BlackRock Inc. (0.47%), Two Sigma Advisers LP (0.27%), Mackenzie Financial Corp (0.21%) and Commonwealth Equity Services LLC (0.11%). Insiders that own company stock include Daniel R Trolio, Edmund V Mahoney, Gerald A Michaud, Joseph J Savage and Robert D Jr Pomeroy.
View institutional ownership trends
.

How do I buy shares of Horizon Technology Finance?

Shares of HRZN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Horizon Technology Finance's stock price today?

One share of HRZN stock can currently be purchased for approximately $12.06.

How much money does Horizon Technology Finance make?

Horizon Technology Finance (NASDAQ:HRZN) has a market capitalization of $345.64 million and generates $79.19 million in revenue each year. The investment management company earns $21.15 million in net income (profit) each year or $0.88 on an earnings per share basis.

How can I contact Horizon Technology Finance?

Horizon Technology Finance's mailing address is 312 FARMINGTON AVENUE, FARMINGTON CT, 06032. The official website for the company is www.horizontechfinance.com. The investment management company can be reached via phone at (860) 676-8654, via email at ir@horizontechfinance.com, or via fax at 860-676-8655.

This page (NASDAQ:HRZN) was last updated on 6/9/2023 by MarketBeat.com Staff

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