Intelligent Protection Management (NASDAQ:IPM) Issues Quarterly Earnings Results

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

Intelligent Protection Management Stock Performance

IPM opened at $1.95 on Wednesday. Intelligent Protection Management has a fifty-two week low of $1.52 and a fifty-two week high of $2.88. The firm’s fifty day moving average is $1.76 and its 200 day moving average is $1.86. The stock has a market cap of $17.73 million, a price-to-earnings ratio of -19.50 and a beta of 0.37.

Institutional Investors Weigh In On Intelligent Protection Management

A number of institutional investors and hedge funds have recently bought and sold shares of IPM. XTX Topco Ltd purchased a new position in shares of Intelligent Protection Management in the fourth quarter valued at about $28,000. Renaissance Technologies LLC grew its position in shares of Intelligent Protection Management by 50.1% during the fourth quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock worth $95,000 after purchasing an additional 18,400 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Intelligent Protection Management during the 3rd quarter valued at approximately $43,000. 3.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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