Analysts Set Expectations for Intellinetics FY2024 Earnings

Intellinetics, Inc. (OTCMKTS:INLX) – Equities research analysts at Taglich Brothers decreased their FY2024 earnings per share estimates for Intellinetics in a research report issued to clients and investors on Monday, November 18th. Taglich Brothers analyst H. Halpern now expects that the company will post earnings of ($0.19) per share for the year, down from their prior estimate of ($0.07). The consensus estimate for Intellinetics’ current full-year earnings is $0.13 per share. Taglich Brothers also issued estimates for Intellinetics’ Q4 2024 earnings at ($0.08) EPS, Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at ($0.02) EPS and FY2025 earnings at ($0.12) EPS.

Intellinetics Price Performance

Shares of INLX stock opened at $14.75 on Thursday. Intellinetics has a twelve month low of $3.76 and a twelve month high of $15.33. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $12.79 and a two-hundred day simple moving average of $9.49. The stock has a market capitalization of $62.41 million, a price-to-earnings ratio of -163.89 and a beta of 0.34.

Hedge Funds Weigh In On Intellinetics

An institutional investor recently raised its position in Intellinetics stock. Geode Capital Management LLC raised its position in shares of Intellinetics, Inc. (OTCMKTS:INLX) by 34.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,422 shares of the company’s stock after buying an additional 6,563 shares during the quarter. Geode Capital Management LLC owned about 0.60% of Intellinetics worth $285,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.75% of the company’s stock.

About Intellinetics

Intellinetics, Inc designs, develops, tests, markets, and licenses document services and software solutions in the United States. The company operates in two segments, Document Management and Document Conversion. Its software platform allows its customers to capture and manage documents across operations, such as scanned hard-copy documents and digital documents, including Microsoft Office 365, digital images, audio, videos, and emails.