Intrusion (NASDAQ:INTZ) Price Target Lowered to $10.50 at Ascendiant Capital Markets

Intrusion (NASDAQ:INTZ) had its target price reduced by Ascendiant Capital Markets from $12.50 to $10.50 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Intrusion in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Intrusion from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, HC Wainwright decreased their price target on shares of Intrusion from $2.00 to $1.00 and set a “neutral” rating on the stock in a research report on Monday, March 30th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.75.

Intrusion Stock Performance

Intrusion stock opened at $0.83 on Thursday. The firm has a market cap of $16.92 million, a price-to-earnings ratio of -1.85 and a beta of -1.84. Intrusion has a 1 year low of $0.75 and a 1 year high of $2.64. The firm’s 50 day moving average price is $0.98 and its two-hundred day moving average price is $1.33.

Intrusion (NASDAQ:INTZ) last posted its quarterly earnings results on Tuesday, March 24th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The business had revenue of $1.48 million during the quarter, compared to analyst estimates of $2.06 million. Intrusion had a negative return on equity of 86.02% and a negative net margin of 127.65%. As a group, equities analysts predict that Intrusion will post -1.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Intrusion

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Potomac Capital Management Inc. purchased a new position in Intrusion during the 4th quarter worth approximately $544,000. Geode Capital Management LLC grew its position in Intrusion by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 187,408 shares of the company’s stock worth $216,000 after purchasing an additional 15,344 shares in the last quarter. Tritonpoint Wealth LLC grew its position in Intrusion by 352.0% during the 4th quarter. Tritonpoint Wealth LLC now owns 158,890 shares of the company’s stock worth $183,000 after purchasing an additional 123,740 shares in the last quarter. State Street Corp grew its position in Intrusion by 11.6% during the 4th quarter. State Street Corp now owns 102,765 shares of the company’s stock worth $118,000 after purchasing an additional 10,700 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Intrusion during the 3rd quarter worth approximately $91,000. 19.43% of the stock is currently owned by hedge funds and other institutional investors.

About Intrusion

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. The company also provides INTRUSION TraceCop, a big data tool that contains an inventory of network selectors and enrichments to support forensic investigations; and INTRUSION Savant, a network monitoring solution that uses the data available in TraceCop to identify suspicious traffic in real-time.