Intrusion (NASDAQ:INTZ) Price Target Cut to $2.50

Intrusion (NASDAQ:INTZ) had its price target lowered by HC Wainwright from $3.00 to $2.50 in a report released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the stock. HC Wainwright also issued estimates for Intrusion’s Q2 2024 earnings at ($0.72) EPS, Q3 2024 earnings at ($0.70) EPS, Q4 2024 earnings at ($0.39) EPS, FY2024 earnings at ($2.72) EPS and FY2025 earnings at ($0.94) EPS.

Intrusion Price Performance

Shares of NASDAQ INTZ opened at $1.63 on Wednesday. The stock has a 50 day moving average price of $2.62 and a 200 day moving average price of $4.42. Intrusion has a 52 week low of $1.50 and a 52 week high of $34.40.

Intrusion (NASDAQ:INTZ) last released its earnings results on Tuesday, May 14th. The company reported ($0.94) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.45. The firm had revenue of $1.13 million during the quarter, compared to the consensus estimate of $1.25 million. During the same period in the prior year, the business posted ($4.40) earnings per share. As a group, sell-side analysts predict that Intrusion will post -2.72 earnings per share for the current year.

Insider Activity at Intrusion

In other Intrusion news, CEO Anthony Scott acquired 585,748 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were purchased at an average price of $1.70 per share, for a total transaction of $995,771.60. Following the completion of the purchase, the chief executive officer now directly owns 638,281 shares of the company’s stock, valued at $1,085,077.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. 12.58% of the stock is currently owned by company insiders.

Intrusion Company Profile

Intrusion Inc, a cybersecurity company in the United States. The company offers its customers access to threat intelligence database, which contains the historical data, known associations, and reputational behavior of Internet Protocol addresses. It offers INTRUSION Shield, a zero trust reputation-based Software as a Service solution that inspects and kills dangerous network connections.