Ascendiant Capital Markets Forecasts Strong Price Appreciation for Intrusion (NASDAQ:INTZ) Stock

Intrusion (NASDAQ:INTZ) had its price target hoisted by analysts at Ascendiant Capital Markets from $11.00 to $12.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Intrusion in a report on Saturday, September 27th. HC Wainwright cut their price target on shares of Intrusion from $2.50 to $2.00 and set a “neutral” rating for the company in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Intrusion has an average rating of “Hold” and a consensus price target of $7.00.

Intrusion Trading Up 2.2%

Intrusion stock opened at $1.85 on Monday. Intrusion has a 12-month low of $0.35 and a 12-month high of $7.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.23 and a quick ratio of 3.23. The stock has a market capitalization of $36.82 million, a PE ratio of -2.01 and a beta of -1.54. The firm has a 50 day simple moving average of $1.77 and a 200-day simple moving average of $1.70.

Intrusion (NASDAQ:INTZ) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Intrusion had a negative net margin of 119.32% and a negative return on equity of 154.60%. The firm had revenue of $1.87 million for the quarter, compared to the consensus estimate of $1.80 million. As a group, equities research analysts expect that Intrusion will post -1.63 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Anthony Scott sold 18,254 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $1.79, for a total transaction of $32,674.66. Following the transaction, the chief executive officer owned 636,618 shares in the company, valued at $1,139,546.22. This represents a 2.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intrusion

Several hedge funds have recently bought and sold shares of the business. Tritonpoint Wealth LLC bought a new position in Intrusion during the second quarter valued at about $80,000. Geode Capital Management LLC boosted its stake in shares of Intrusion by 18.8% during the 2nd quarter. Geode Capital Management LLC now owns 163,584 shares of the company’s stock worth $375,000 after acquiring an additional 25,894 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Intrusion during the 2nd quarter valued at about $55,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Intrusion in the 2nd quarter valued at approximately $96,000. 19.43% of the stock is owned by institutional investors and hedge funds.

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.