UPDATE: Ascendiant Capital Raises PT on Firsthand Technology Value Fund on Facebook Rebound

Ascendiant Capital Markets maintained Firsthand Technology Value Fund SVVC at Buy and raised the price target from $21.00 to $23.00 following Q4 results. Ascendiant Capital Markets analyst Edward Woo noted, "Net change in net assets from operations per share (EPS) of $(0.01) compared with our estimate of $0.02. There were no consensus estimates or company guidance. This improvement (from Q3's EPS of $(0.75)) was mainly due to an increase in valuation of its Facebook shares (+42% from Q3)." Firsthand Technology Value Fund closed at $19.47 on Tuesday.