Brokerages Set Horizon Technology Finance Co. (NASDAQ:HRZN) Target Price at $9.35

Shares of Horizon Technology Finance Co. (NASDAQ:HRZNGet Free Report) have received an average recommendation of “Reduce” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $9.35.

Separately, Compass Point upgraded shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price objective on the stock in a report on Tuesday, December 17th.

Read Our Latest Report on HRZN

Insider Activity

In other news, President Gerald A. Michaud bought 8,000 shares of the stock in a transaction dated Monday, November 25th. The stock was bought at an average price of $9.31 per share, for a total transaction of $74,480.00. Following the completion of the acquisition, the president now directly owns 169,309 shares in the company, valued at approximately $1,576,266.79. This trade represents a 4.96 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Balkin purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of $8.53 per share, for a total transaction of $170,600.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $170,600. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Horizon Technology Finance

Several institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC purchased a new stake in Horizon Technology Finance during the third quarter worth about $25,000. Private Trust Co. NA bought a new position in shares of Horizon Technology Finance during the 3rd quarter valued at approximately $38,000. Quantbot Technologies LP purchased a new stake in shares of Horizon Technology Finance during the 3rd quarter worth approximately $99,000. Crew Capital Management Ltd. bought a new stake in shares of Horizon Technology Finance in the 4th quarter worth approximately $99,000. Finally, Mutual Advisors LLC purchased a new position in Horizon Technology Finance in the fourth quarter valued at approximately $106,000. 4.94% of the stock is owned by institutional investors.

Horizon Technology Finance Stock Up 0.4 %

Shares of NASDAQ:HRZN opened at $9.51 on Wednesday. Horizon Technology Finance has a twelve month low of $8.46 and a twelve month high of $13.42. The stock’s 50 day moving average is $9.19 and its 200-day moving average is $10.08. The firm has a market capitalization of $379.26 million, a price-to-earnings ratio of -79.25 and a beta of 1.22.

Horizon Technology Finance Company Profile

(Get Free Report

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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Analyst Recommendations for Horizon Technology Finance (NASDAQ:HRZN)

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