Intelligent Protection Management (NASDAQ:IPM) Trading Down 3.1% – Time to Sell?

Intelligent Protection Management Corp. (NASDAQ:IPM) traded down 3.1% on Wednesday . The company traded as low as $1.85 and last traded at $1.88. Approximately 8,696 shares traded hands during mid-day trading, an increase of 63% from the average session volume of 5,337 shares. The stock had previously closed at $1.94.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Intelligent Protection Management in a report on Tuesday, July 7th. Zacks Research upgraded Intelligent Protection Management to a “hold” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Intelligent Protection Management Price Performance

The firm has a 50-day moving average of $1.84 and a 200 day moving average of $1.80. The company has a market capitalization of $16.99 million, a PE ratio of -6.71 and a beta of 0.46.

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

Institutional Investors Weigh In On Intelligent Protection Management

Large investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in Intelligent Protection Management in the fourth quarter worth about $28,000. Virtu Financial LLC bought a new position in Intelligent Protection Management during the 3rd quarter valued at about $43,000. Finally, Renaissance Technologies LLC raised 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 worth $95,000 after purchasing an additional 18,400 shares during the period. 3.88% of the stock is owned by institutional investors.

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.