Intelligent Protection Management (NASDAQ:IPM) Raised to “Hold” at Zacks Research

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

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intelligent Protection Management in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Intelligent Protection Management Stock Up 1.8%

Shares of IPM stock opened at $1.90 on Thursday. The stock has a 50-day simple moving average of $1.79 and a 200 day simple moving average of $1.78. The stock has a market capitalization of $17.21 million, a P/E ratio of -6.80 and a beta of 0.47. Intelligent Protection Management has a fifty-two week low of $1.46 and a fifty-two week high of $2.88.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IPM. Renaissance Technologies LLC lifted its position in shares of Intelligent Protection Management by 50.1% in 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 in the last quarter. Virtu Financial LLC purchased a new position in Intelligent Protection Management during the 3rd quarter worth approximately $43,000. Finally, XTX Topco Ltd purchased a new position in 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.

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.