Intrusion (NASDAQ:INTZ) Given New $2.50 Price Target at HC Wainwright

Intrusion (NASDAQ:INTZ - Get Free Report) had its target price increased by analysts at HC Wainwright from $1.50 to $2.50 in a report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. HC Wainwright's price objective suggests a potential downside of 2.34% from the stock's current price.

Separately, Ascendiant Capital Markets lifted their price objective on Intrusion from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Friday, May 30th.

Intrusion Price Performance

Shares of INTZ traded down $0.01 during mid-day trading on Monday, hitting $2.56. The company's stock had a trading volume of 311,102 shares, compared to its average volume of 2,272,337. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $1.86 and a 200 day simple moving average of $1.66. The firm has a market capitalization of $50.94 million, a P/E ratio of -1.90 and a beta of -1.22. Intrusion has a 1-year low of $0.35 and a 1-year high of $7.34.

Intrusion (NASDAQ:INTZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $1.78 million during the quarter, compared to analysts' expectations of $1.65 million. Intrusion had a negative return on equity of 950.79% and a negative net margin of 127.39%. Analysts predict that Intrusion will post -1.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Intrusion

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in Intrusion by 47.5% in the fourth quarter. Geode Capital Management LLC now owns 68,662 shares of the company's stock valued at $211,000 after acquiring an additional 22,119 shares during the last quarter. LPL Financial LLC acquired a new position in shares of Intrusion during the fourth quarter worth about $31,000. Finally, IHT Wealth Management LLC acquired a new position in shares of Intrusion during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 19.43% of the company's stock.

About Intrusion

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.