Shares of Horizon Technology Finance Co. (NASDAQ:HRZN – Get 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
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.
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