Intrusion (NASDAQ:INTZ) Cut to Strong Sell at Zacks Research

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

A number of other brokerages have also issued reports on INTZ. Weiss Ratings lowered Intrusion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 29th. HC Wainwright reduced 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. Finally, Ascendiant Capital Markets decreased their target price on Intrusion from $10.50 to $9.50 and set a “buy” rating for the company in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Intrusion currently has a consensus rating of “Reduce” and an average price target of $5.25.

Intrusion Price Performance

Intrusion stock opened at $0.82 on Tuesday. The firm has a market capitalization of $16.73 million, a P/E ratio of -1.58 and a beta of -1.66. Intrusion has a 1-year low of $0.66 and a 1-year high of $2.64. The company’s 50-day moving average is $0.77 and its 200 day moving average is $0.97.

Intrusion (NASDAQ:INTZ) last announced its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.09). The business had revenue of $0.89 million for the quarter, compared to analysts’ expectations of $2.02 million. Intrusion had a negative net margin of 169.48% and a negative return on equity of 129.84%. Research analysts anticipate that Intrusion will post -0.41 earnings per share for the current fiscal year.

Institutional Trading of Intrusion

Large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings 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 purchasing an additional 25,894 shares during the period. XTX Topco Ltd purchased a new stake in shares of Intrusion in the 2nd quarter worth $55,000. Millennium Management LLC bought a new position in shares of Intrusion during the 3rd quarter worth $34,000. Tritonpoint Wealth LLC increased its stake in shares of Intrusion by 352.0% during the fourth quarter. Tritonpoint Wealth LLC now owns 158,890 shares of the company’s stock valued at $183,000 after buying an additional 123,740 shares during the period. Finally, Potomac Capital Management Inc. purchased a new position in shares of Intrusion during the fourth quarter valued at $544,000. 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.