Horizon Technology Finance (HRZN) Expected to Announce Quarterly Earnings on Tuesday

Horizon Technology Finance (NASDAQ:HRZN) is expected to release its earnings data after the market closes on Tuesday, March 4th. Analysts expect Horizon Technology Finance to post earnings of $0.31 per share and revenue of $25.69 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Horizon Technology Finance Price Performance

NASDAQ HRZN opened at $9.85 on Friday. The company’s 50 day simple moving average is $9.36 and its 200 day simple moving average is $9.87. Horizon Technology Finance has a 12 month low of $8.46 and a 12 month high of $12.63. The company has a market capitalization of $392.78 million, a P/E ratio of -82.08 and a beta of 1.22.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HRZN. Compass Point upgraded shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 target price on the stock in a report on Tuesday, December 17th. StockNews.com downgraded shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $9.19.

Insider Transactions at Horizon Technology Finance

In other news, Director Michael Balkin bought 20,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of $8.53 per share, with a total value of $170,600.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $170,600. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.34% of the stock is currently owned by insiders.

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.