UBS Group Trims Horizon Technology Finance (NASDAQ:HRZN) Target Price to $10.50

Horizon Technology Finance (NASDAQ:HRZNGet Free Report) had its target price decreased by investment analysts at UBS Group from $11.50 to $10.50 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the investment management company’s stock. UBS Group’s price target indicates a potential downside of 7.16% from the company’s previous close.

Other analysts have also issued reports about the stock. B. Riley lowered shares of Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $11.00 price target for the company. in a research report on Monday, January 8th. LADENBURG THALM/SH SH reissued a “neutral” rating on shares of Horizon Technology Finance in a research report on Wednesday, February 28th. Finally, Oppenheimer decreased their price target on shares of Horizon Technology Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.80.

Read Our Latest Stock Report on Horizon Technology Finance

Horizon Technology Finance Price Performance

NASDAQ:HRZN opened at $11.31 on Monday. The firm has a market cap of $377.75 million, a PE ratio of -23.08 and a beta of 1.21. The company has a 50-day moving average of $12.75 and a 200 day moving average of $12.42. Horizon Technology Finance has a 1-year low of $10.75 and a 1-year high of $13.73.

Insiders Place Their Bets

In other Horizon Technology Finance news, President Gerald A. Michaud purchased 3,650 shares of Horizon Technology Finance stock in a transaction on Friday, March 8th. The stock was bought at an average cost of $11.77 per share, with a total value of $42,960.50. Following the transaction, the president now owns 156,244 shares of the company’s stock, valued at approximately $1,838,991.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Horizon Technology Finance

Several institutional investors have recently made changes to their positions in HRZN. Legal & General Group Plc increased its holdings in shares of Horizon Technology Finance by 126.6% during the 4th quarter. Legal & General Group Plc now owns 248,429 shares of the investment management company’s stock valued at $3,273,000 after purchasing an additional 138,792 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Horizon Technology Finance by 73.4% during the 4th quarter. Millennium Management LLC now owns 270,284 shares of the investment management company’s stock valued at $3,135,000 after purchasing an additional 114,377 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Horizon Technology Finance during the 4th quarter valued at approximately $954,000. PNC Financial Services Group Inc. purchased a new position in shares of Horizon Technology Finance during the 3rd quarter valued at approximately $755,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Horizon Technology Finance during the 3rd quarter valued at approximately $517,000. 5.07% of the stock is owned by hedge funds and other institutional investors.

About Horizon Technology Finance

(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.

Further Reading

Analyst Recommendations for Horizon Technology Finance (NASDAQ:HRZN)

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