Zacks Research Downgrades Intrusion (NASDAQ:INTZ) to Strong Sell

Intrusion (NASDAQ:INTZ) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

INTZ has been the subject of several other research reports. Weiss Ratings downgraded shares of Intrusion from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 29th. Ascendiant Capital Markets cut their target price on shares of Intrusion from $10.50 to $9.50 and set a “buy” rating on the stock in a research note on Monday, June 8th. Finally, HC Wainwright lowered their price target on Intrusion from $2.00 to $1.00 and set a “neutral” rating on the stock in a report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $5.25.

Intrusion Stock Performance

INTZ opened at $0.82 on Tuesday. Intrusion has a one year low of $0.66 and a one year high of $2.64. The stock’s fifty day moving average is $0.77 and its 200-day moving average is $0.97. The company has a market capitalization of $16.73 million, a PE ratio of -1.58 and a beta of -1.66.

Intrusion (NASDAQ:INTZ) last released its earnings results 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 net margin of 169.48% and a negative return on equity of 129.84%. The business had revenue of $0.89 million for the quarter, compared to analyst estimates of $2.02 million. On average, equities research analysts forecast that Intrusion will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Intrusion

A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in shares of Intrusion by 18.8% in the second 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 during the last quarter. XTX Topco Ltd purchased a new position in Intrusion in the second quarter valued at about $55,000. Millennium Management LLC acquired a new position in Intrusion in the 3rd quarter worth about $34,000. Tritonpoint Wealth LLC increased its position in Intrusion by 352.0% in 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 during the last quarter. Finally, Potomac Capital Management Inc. purchased a new stake in shares of Intrusion during the 4th quarter worth about $544,000. 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. 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.