Ascendiant Capital Markets Cuts Intrusion (NASDAQ:INTZ) Price Target to $9.50

Intrusion (NASDAQ:INTZ) had its target price dropped by research analysts at Ascendiant Capital Markets from $10.50 to $9.50 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock.

A number of other research firms have also recently commented on INTZ. Weiss Ratings cut Intrusion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 29th. HC Wainwright lowered their target price on Intrusion from $2.00 to $1.00 and set a “neutral” rating on the stock in a research note on Monday, March 30th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.25.

Intrusion Price Performance

Shares of INTZ stock opened at $0.77 on Monday. The company has a market cap of $15.68 million, a price-to-earnings ratio of -1.48 and a beta of -1.64. Intrusion has a 52 week low of $0.69 and a 52 week high of $2.64. The firm has a 50 day moving average of $0.81 and a 200-day moving average of $1.06.

Intrusion (NASDAQ:INTZ) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.09). Intrusion had a negative return on equity of 129.84% and a negative net margin of 169.48%.The company had revenue of $0.89 million for the quarter, compared to analyst estimates of $2.03 million. Analysts anticipate that Intrusion will post -0.38 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Potomac Capital Management Inc. purchased a new position in Intrusion during the 4th quarter valued at about $544,000. Geode Capital Management LLC grew its holdings in shares of Intrusion by 8.9% during the fourth 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 holdings in shares of Intrusion by 352.0% during the fourth 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 holdings in shares of Intrusion by 11.6% during the fourth 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 shares of Intrusion during the third quarter worth about $91,000. Hedge funds and other institutional investors 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.