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

Intelligent Protection Management (NASDAQ:IPM – Get Free Report) was upgraded by research analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors 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 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 presently has an average rating of “Reduce”.

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Intelligent Protection Management Stock Up 1.8%

Intelligent Protection Management 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. Intelligent Protection Management has a 12-month low of $1.46 and a 12-month high of $2.88. 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 (NASDAQ:IPM – Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.10) earnings per share (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 company had revenue of $6.46 million for the quarter. As a group, sell-side analysts anticipate that Intelligent Protection Management will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd acquired a new stake in shares of Intelligent Protection Management during the 4th quarter worth approximately $28,000. Virtu Financial LLC acquired a new position in Intelligent Protection Management in the third quarter valued at approximately $43,000. Finally, Renaissance Technologies LLC lifted its holdings in Intelligent Protection Management by 50.1% in the fourth quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock valued at $95,000 after buying an additional 18,400 shares during the period. Institutional investors own 3.88% of the company’s stock.

About Intelligent Protection Management

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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.

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