Intelligent Protection Management (NASDAQ:IPM) Upgraded at Zacks Research

Intelligent Protection Management (NASDAQ:IPM) was upgraded by investment analysts at Zacks Research to a “hold” rating in a report released on Thursday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intelligent Protection Management in a report on Tuesday, July 7th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Intelligent Protection Management Trading Up 1.8%

Shares of NASDAQ IPM opened at $1.90 on Thursday. The firm has a market capitalization of $17.21 million, a price-to-earnings ratio of -6.80 and a beta of 0.47. Intelligent Protection Management has a one year low of $1.46 and a one year high of $2.88. The business has a fifty day simple moving average of $1.79 and a 200 day simple moving average of $1.78.

Intelligent Protection Management (NASDAQ:IPM) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $6.46 million for the quarter. Intelligent Protection Management had a negative return on equity of 21.13% and a negative net margin of 14.80%. On average, research analysts anticipate that Intelligent Protection Management will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Intelligent Protection Management

Hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Intelligent Protection Management in the third quarter valued at approximately $43,000. Renaissance Technologies LLC grew its position in Intelligent Protection Management by 50.1% during the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock worth $95,000 after acquiring an additional 18,400 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Intelligent Protection Management during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 3.88% of the company’s stock.

About Intelligent Protection Management

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.