HC Wainwright Has Lowered Expectations for Intrusion (NASDAQ:INTZ) Stock Price

Intrusion (NASDAQ:INTZ) had its target price lowered by analysts at HC Wainwright from $2.00 to $1.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. HC Wainwright’s target price indicates a potential upside of 13.70% from the company’s current price.

INTZ has been the subject of a number of other research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Intrusion in a research note on Monday, December 29th. Wall Street Zen raised shares of Intrusion from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Ascendiant Capital Markets lifted their price objective on shares of Intrusion from $12.00 to $12.50 and gave the stock a “buy” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.75.

Intrusion Price Performance

INTZ opened at $0.88 on Monday. The business has a fifty day moving average price of $1.05 and a 200 day moving average price of $1.38. Intrusion has a 12 month low of $0.75 and a 12 month high of $2.64. The stock has a market capitalization of $17.91 million, a price-to-earnings ratio of -1.95 and a beta of -2.02.

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 analysts’ consensus estimates of ($0.09) by ($0.05). Intrusion had a negative net margin of 127.65% and a negative return on equity of 86.02%. The company had revenue of $1.48 million during the quarter, compared to analyst estimates of $2.06 million. On average, research analysts anticipate that Intrusion will post -1.63 earnings per share for the current year.

Institutional Trading of Intrusion

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTZ. Potomac Capital Management Inc. acquired a new position in shares of Intrusion in the 4th quarter valued at $544,000. Millennium Management LLC acquired a new stake in Intrusion during the 3rd quarter worth $34,000. Geode Capital Management LLC raised its stake in Intrusion by 18.8% during the 2nd quarter. Geode Capital Management LLC now owns 163,584 shares of the company’s stock worth $375,000 after acquiring an additional 25,894 shares in the last quarter. State Street Corp raised its stake 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 acquiring an additional 10,700 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Intrusion in the second quarter valued at $55,000. Institutional investors and hedge funds own 19.43% of the company’s stock.

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.