Horizon Technology Finance (NASDAQ:HRZN) Stock Crosses Above 200-Day Moving Average of $12.42

Horizon Technology Finance Co. (NASDAQ:HRZNGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.42 and traded as high as $13.23. Horizon Technology Finance shares last traded at $13.21, with a volume of 140,018 shares changing hands.

Analysts Set New Price Targets

A number of research firms have weighed in on HRZN. Compass Point cut Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $10.00 price target for the company. in a report on Tuesday, October 17th. B. Riley cut shares of Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $11.00 target price on the stock. in a research report on Monday, January 8th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.38.

Read Our Latest Research Report on HRZN

Horizon Technology Finance Price Performance

The firm has a market capitalization of $440.29 million, a PE ratio of -660.17 and a beta of 1.25. The stock has a 50-day moving average price of $13.14 and a 200-day moving average price of $12.42.

Institutional Trading of Horizon Technology Finance

Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. acquired a new stake in Horizon Technology Finance in the first quarter valued at $28,000. Natixis Advisors L.P. increased its position in shares of Horizon Technology Finance by 14.1% in the 1st quarter. Natixis Advisors L.P. now owns 47,863 shares of the investment management company’s stock worth $665,000 after purchasing an additional 5,931 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Horizon Technology Finance by 8.0% in the 1st quarter. Mackenzie Financial Corp now owns 92,987 shares of the investment management company’s stock valued at $1,293,000 after purchasing an additional 6,885 shares in the last quarter. Eqis Capital Management Inc. lifted its position in shares of Horizon Technology Finance by 1.7% during the first quarter. Eqis Capital Management Inc. now owns 192,095 shares of the investment management company’s stock worth $2,670,000 after purchasing an additional 3,203 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Horizon Technology Finance by 366.2% during the first quarter. Royal Bank of Canada now owns 28,967 shares of the investment management company’s stock worth $402,000 after purchasing an additional 22,753 shares during the last quarter. Institutional investors and hedge funds own 5.07% of the company’s stock.

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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