Intelligent Protection Management (NASDAQ:IPM) Issues Earnings Results

Intelligent Protection Management (NASDAQ:IPM) issued its quarterly earnings results on Tuesday. The company reported ($0.10) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $6.46 million during the quarter. Intelligent Protection Management had a negative net margin of 14.01% and a negative return on equity of 18.44%.

Intelligent Protection Management Trading Down 0.5%

Intelligent Protection Management stock traded down $0.01 during midday trading on Tuesday, reaching $1.92. The stock had a trading volume of 6,206 shares, compared to its average volume of 62,641. Intelligent Protection Management has a 12 month low of $1.46 and a 12 month high of $2.88. The company has a market capitalization of $17.35 million, a P/E ratio of -7.38 and a beta of 0.47. The company has a fifty day moving average price of $1.79 and a two-hundred day moving average price of $1.77.

Institutional Investors Weigh In On Intelligent Protection Management

A number of hedge funds have recently added to or reduced their stakes in IPM. XTX Topco Ltd acquired a new position in shares of Intelligent Protection Management during the fourth quarter worth approximately $28,000. Renaissance Technologies LLC grew its position in Intelligent Protection Management by 50.1% in the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock valued at $95,000 after purchasing an additional 18,400 shares during the period. Finally, Virtu Financial LLC bought a new stake in Intelligent Protection Management during the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 3.88% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intelligent Protection Management in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Intelligent Protection Management Company Profile

Intelligent Protection Management Corp. engages in the development of communications software to enhance security and privacy solutions for multimedia communication and data transmission. Its solutions include blockchain strategy consulting, blockchain implementation, white label video solutions, and technology licensing. The firm’s product portfolio includes Paltalk and Camfrog. The company was founded by Clifford Lerner and Darrell Lerner on July 19, 2005 and is headquartered in Jericho, NY.