UPDATE: H.C. Wainwright & Co. Initiates Coverage on Finjan Holdings with Buy Rating, $5 PT on Multiple Positive Factors

In a report published Thursday, H.C. Wainwright & Co. analyst Amit Dayal initiated coverage on

with a Buy rating and $5.00 price target. In the report, H.C. Wainwright & Co. noted, “We are initiating coverage on Finjan Holdings, Inc. (FNJN) with a Buy rating and a 12-month price target of $5.00. Finjan's key focus is the licensing of its intellectual property portfolio, currently comprised of patents related to proactive security software. Assets within Finjan's portfolio are used to address security vulnerabilities in segments including endpoint software, web infrastructure, and networking equipment. The company is partly differentiated from other IP monetization plays by having developed its IP portfolio organically.” Finjan Holdings closed on Wednesday at $3.12.