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Horizon Technology ( (HRZN) ) has provided an update.
On May 15, 2025, Horizon Technology Finance Corporation announced the retirement of Robert D. Pomeroy, Jr. as CEO and Gerald A. Michaud as President, effective June 5, 2025, following the annual meeting of stockholders. Michael P. Balkin, an independent director since June 2023, will succeed Mr. Pomeroy as CEO and will focus on expanding the venture debt portfolio with an emphasis on high-quality, small-cap growth companies. This leadership transition is part of Horizon’s succession planning to ensure a seamless transition and continued growth, with Mr. Pomeroy remaining as Chairman of the Board. The announcement reflects the company’s strategic vision to drive long-term value for its stakeholders.
The most recent analyst rating on (HRZN) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Horizon Technology stock, see the HRZN Stock Forecast page.
Spark’s Take on HRZN Stock
According to Spark, TipRanks’ AI Analyst, HRZN is a Neutral.
The overall score reflects a complex picture for Horizon Technology. Strong recovery in revenue and reduction in debt are positive, but historical volatility and operational inefficiencies remain significant concerns. Technical indicators suggest bearish momentum, and the negative P/E ratio indicates profitability challenges. The earnings call provided a cautiously optimistic outlook, supported by strong liquidity and portfolio yields, but macroeconomic uncertainties continue to pose risks.
To see Spark’s full report on HRZN stock, click here.
More about Horizon Technology
Horizon Technology Finance Corporation is a leading specialty finance company that provides capital in the form of secured loans to venture capital and private equity-backed companies, as well as publicly traded companies in the technology, life science, healthcare information and services, and sustainability industries. The company aims to maximize its investment portfolio’s return by generating current income from debt investments and capital appreciation from warrants received during such investments. Horizon is headquartered in Farmington, Connecticut, with a regional office in Pleasanton, California, and investment professionals located throughout the U.S.
Average Trading Volume: 467,866
Technical Sentiment Signal: Sell
For an in-depth examination of HRZN stock, go to TipRanks’ Stock Analysis page.