Intrusion (NASDAQ:INTZ) Price Target Raised to $12.00 at Ascendiant Capital Markets

Intrusion (NASDAQ:INTZ) had its price objective raised by Ascendiant Capital Markets from $11.00 to $12.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently commented on INTZ. HC Wainwright dropped their price target on shares of Intrusion from $2.50 to $2.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intrusion in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.00.

Intrusion Stock Down 1.6%

Shares of Intrusion stock opened at $1.82 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.23 and a quick ratio of 3.23. Intrusion has a 1-year low of $0.35 and a 1-year high of $7.34. The business’s fifty day moving average price is $1.76 and its two-hundred day moving average price is $1.70. The company has a market capitalization of $36.22 million, a P/E ratio of -1.98 and a beta of -1.54.

Intrusion (NASDAQ:INTZ) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $1.87 million for the quarter, compared to analyst estimates of $1.80 million. Intrusion had a negative net margin of 119.32% and a negative return on equity of 154.60%. As a group, research analysts forecast that Intrusion will post -1.63 EPS for the current year.

Insider Buying and Selling

In related news, CEO Anthony Scott sold 18,254 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $1.79, for a total transaction of $32,674.66. Following the completion of the sale, the chief executive officer directly owned 636,618 shares of the company’s stock, valued at $1,139,546.22. This represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intrusion

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tritonpoint Wealth LLC purchased a new position in Intrusion in the 2nd quarter worth about $80,000. FNY Investment Advisers LLC purchased a new position in shares of Intrusion in the second quarter worth approximately $96,000. Geode Capital Management LLC raised its holdings in shares of Intrusion by 18.8% during the second quarter. Geode Capital Management LLC now owns 163,584 shares of the company’s stock valued at $375,000 after acquiring an additional 25,894 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Intrusion during the second quarter valued at approximately $55,000. Institutional investors and hedge funds own 19.43% of the company’s stock.

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.