Horizon Technology Finance (NASDAQ:HRZN – Get Free Report) had its target price increased by investment analysts at UBS Group from $7.50 to $8.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the investment management company’s stock. UBS Group’s price target would indicate a potential downside of 2.20% from the stock’s previous close.
A number of other research firms have also recently commented on HRZN. B. Riley assumed coverage on Horizon Technology Finance in a research note on Tuesday, May 13th. They issued a “neutral” rating and a $7.00 target price for the company. Compass Point cut Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $6.50 target price for the company. in a research note on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods lowered their target price on 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 company. Based on data from MarketBeat, Horizon Technology Finance currently has an average rating of “Hold” and a consensus price target of $8.40.
Check Out Our Latest Analysis on HRZN
Horizon Technology Finance Trading Up 1.9%
Horizon Technology Finance (NASDAQ:HRZN – Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.06). Horizon Technology Finance had a positive return on equity of 13.98% and a negative net margin of 36.34%. The company had revenue of $24.52 million for the quarter, compared to the consensus estimate of $26.67 million. As a group, analysts predict that Horizon Technology Finance will post 1.38 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Horizon Technology Finance
A number of hedge funds have recently made changes to their positions in HRZN. TrueMark Investments LLC purchased a new stake in shares of Horizon Technology Finance in the fourth quarter worth about $1,882,000. Marshall Wace LLP bought a new stake in Horizon Technology Finance during the fourth quarter worth approximately $1,288,000. Trexquant Investment LP increased its stake in Horizon Technology Finance by 196.4% during the fourth 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 during the last quarter. Green Alpha Advisors LLC increased its stake in 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 worth $3,379,000 after acquiring an additional 68,295 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Horizon Technology Finance during the fourth quarter worth approximately $447,000. 4.94% of the stock is currently owned by hedge funds and other institutional investors.
Horizon Technology Finance Company Profile
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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