Intelligent Protection Management (NASDAQ:IPM) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Intelligent Protection Management (NASDAQ:IPM) to a hold rating in a report published on Thursday morning,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Intelligent Protection Management in a report on Tuesday, July 7th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Intelligent Protection Management Stock Up 1.8%

IPM stock opened at $1.90 on Thursday. The stock has a market capitalization of $17.21 million, a price-to-earnings ratio of -6.80 and a beta of 0.47. Intelligent Protection Management has a 52-week low of $1.46 and a 52-week high of $2.88. The stock’s fifty day simple moving average is $1.79 and its 200-day simple moving average is $1.78.

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

Institutional Investors Weigh In On Intelligent Protection Management

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in shares of Intelligent Protection Management in the 4th quarter worth about $28,000. Renaissance Technologies LLC grew its holdings 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 worth $95,000 after purchasing an additional 18,400 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Intelligent Protection Management during the 3rd quarter worth approximately $43,000. 3.88% of the stock is currently owned by institutional investors and hedge funds.

About Intelligent Protection Management

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.