Intersections Now Covered by Analysts at Wedbush (INTX)
Analysts at Wedbush assumed coverage on shares of Intersections (NASDAQ:INTX) in a research report issued to clients and investors on Monday. The firm set an “outperform” rating and a $18.00 price target on the stock. Wedbush’s price target would indicate a potential upside of 402.79% from the stock’s previous close.
Intersections (NASDAQ:INTX) traded up 2.23% during mid-day trading on Monday, hitting $3.66. The stock had a trading volume of 32,283 shares. Intersections has a 52 week low of $3.50 and a 52 week high of $10.10. The stock’s 50-day moving average is $4.13 and its 200-day moving average is $5.23. The company’s market cap is $67.8 million.
Intersections (NASDAQ:INTX) last announced its earnings results on Monday, August 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. The company had revenue of $64.30 million for the quarter, compared to the consensus estimate of $65.72 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 20.3% on a year-over-year basis.
A number of other analysts have also recently weighed in on INTX. Analysts at Piper Jaffray initiated coverage on shares of Intersections in a research note on Monday. They set an “overweight” rating on the stock. Separately, analysts at Leerink Swann initiated coverage on shares of Intersections in a research note on Monday. They set an “outperform” rating and a $20.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Intersections in a research note on Monday. They set an “overweight” rating and a $22.00 price target on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $20.00.
Intersections Inc (NASDAQ:INTX) is a provider of subscription based consumer protection services.
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