Intelligent Protection Management (NASDAQ:IPM) Releases Earnings Results

Intelligent Protection Management (NASDAQ:IPM) announced its earnings results on Tuesday. The company reported ($0.05) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $6.13 million for the quarter. Intelligent Protection Management had a negative net margin of 38.38% and a negative return on equity of 15.29%.

Intelligent Protection Management Stock Down 9.5%

IPM stock traded down $0.21 during midday trading on Tuesday, hitting $1.95. The company’s stock had a trading volume of 278,904 shares, compared to its average volume of 112,671. The stock has a market cap of $17.68 million, a price-to-earnings ratio of -19.45 and a beta of 0.37. The stock’s 50-day moving average price is $1.76 and its 200 day moving average price is $1.86. Intelligent Protection Management has a 1 year low of $1.52 and a 1 year high of $2.88.

Hedge Funds Weigh In On Intelligent Protection Management

A number of hedge funds and other institutional investors have recently made changes to their positions in IPM. Virtu Financial LLC purchased a new stake in Intelligent Protection Management during the third quarter worth about $43,000. Renaissance Technologies LLC grew its position in shares of Intelligent Protection Management by 50.1% during the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock valued at $95,000 after acquiring an additional 18,400 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Intelligent Protection Management during the 4th quarter worth approximately $28,000. 3.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Intelligent Protection Management in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Intelligent Protection Management Company Profile

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.