Horizon Technology Finance (NASDAQ:HRZN) Stock Rating Upgraded by Wall Street Zen

Horizon Technology Finance (NASDAQ:HRZN) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

HRZN has been the subject of a number of other research reports. Weiss Ratings restated a “sell (d)” rating on shares of Horizon Technology Finance in a report on Wednesday, October 8th. UBS Group decreased their target price on Horizon Technology Finance from $7.00 to $6.25 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Finally, Maxim Group reduced their price target on Horizon Technology Finance from $10.00 to $7.50 and set a “buy” rating on the stock in a research note on Monday, August 11th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $6.95.

Horizon Technology Finance Stock Down 1.7%

Shares of Horizon Technology Finance stock opened at $6.48 on Friday. The company has a market cap of $275.72 million, a PE ratio of -9.67 and a beta of 1.00. The business has a 50 day moving average of $6.41 and a 200 day moving average of $7.23. Horizon Technology Finance has a 52 week low of $5.70 and a 52 week high of $9.99.

Horizon Technology Finance (NASDAQ:HRZN) last announced its earnings results on Tuesday, October 28th. The investment management company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The company had revenue of $26.32 million during the quarter, compared to the consensus estimate of $22.99 million. Horizon Technology Finance had a positive return on equity of 15.01% and a negative net margin of 24.19%. On average, research analysts anticipate that Horizon Technology Finance will post 1.38 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. N.E.W. Advisory Services LLC bought a new position in shares of Horizon Technology Finance during the first quarter valued at $36,000. Tower Research Capital LLC TRC bought a new position in shares of Horizon Technology Finance during the second quarter valued at $60,000. Allworth Financial LP bought a new position in shares of Horizon Technology Finance during the second quarter valued at $73,000. Y Intercept Hong Kong Ltd bought a new position in shares of Horizon Technology Finance during the second quarter valued at $77,000. Finally, Marshall Wace LLP bought a new position in shares of Horizon Technology Finance during the second quarter valued at $103,000. 4.94% of the stock is owned by institutional investors.

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.