Intrusion (NASDAQ:INTZ) Trading Down 7.9% – Here’s Why

Shares of Intrusion Inc. (NASDAQ:INTZ) fell 7.9% during mid-day trading on Thursday . The stock traded as low as $0.7442 and last traded at $0.75. 165,486 shares traded hands during trading, a decline of 97% from the average session volume of 5,933,494 shares. The stock had previously closed at $0.8145.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on INTZ. Zacks Research lowered shares of Intrusion from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Weiss Ratings lowered shares of Intrusion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 29th. Ascendiant Capital Markets lowered their target price on Intrusion from $10.50 to $9.50 and set a “buy” rating for the company in a report on Monday, June 8th. Finally, HC Wainwright dropped their price target on Intrusion from $2.00 to $1.00 and set a “neutral” rating on the stock in a research note on Monday, March 30th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $5.25.

Intrusion Stock Performance

The company has a 50 day simple moving average of $0.80 and a 200 day simple moving average of $0.93. The stock has a market cap of $17.07 million, a P/E ratio of -1.44 and a beta of -1.66.

Intrusion (NASDAQ:INTZ) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share 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 the consensus estimate of $2.02 million. Intrusion had a negative return on equity of 129.84% and a negative net margin of 169.48%. As a group, sell-side analysts expect that Intrusion Inc. will post -0.42 earnings per share for the current year.

Institutional Investors Weigh In On Intrusion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Potomac Capital Management Inc. acquired a new position in Intrusion during the fourth quarter valued at approximately $544,000. Tritonpoint Wealth LLC increased its position in shares of Intrusion by 352.0% during 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. Jane Street Group LLC acquired a new position in shares of Intrusion during the 4th quarter worth approximately $51,000. XTX Topco Ltd bought a new stake in shares of Intrusion during the 4th quarter worth approximately $35,000. Finally, Virtu Financial LLC bought a new stake in shares of Intrusion during the 4th quarter worth approximately $31,000. 19.43% of the stock is currently owned by institutional investors and hedge funds.

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.