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

Shares of Horizon Technology Finance Co. (NASDAQ:HRZN) 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.

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

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.