Intelligent Protection Management (NASDAQ:IPM) Trading Down 1.4% – What’s Next?

Intelligent Protection Management Corp. (NASDAQ:IPM) traded down 1.4% during trading on Thursday . The stock traded as low as $1.7750 and last traded at $1.7750. 5,151 shares were traded during trading, a decline of 73% from the average session volume of 18,903 shares. The stock had previously closed at $1.80.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Intelligent Protection Management in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Intelligent Protection Management currently has a consensus rating of “Sell”.

Intelligent Protection Management Price Performance

The firm has a market capitalization of $16.05 million, a price-to-earnings ratio of -6.83 and a beta of 0.46. The business’s fifty day simple moving average is $1.82 and its 200 day simple moving average is $1.77.

Intelligent Protection Management (NASDAQ:IPM) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter. Intelligent Protection Management had a negative net margin of 14.01% and a negative return on equity of 18.44%. The company had revenue of $6.35 million for the quarter.

Institutional Trading of Intelligent Protection Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IPM. Renaissance Technologies LLC raised its stake in 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 buying an additional 18,400 shares during the period. Virtu Financial LLC acquired a new stake in Intelligent Protection Management in the third quarter valued at approximately $43,000. Finally, XTX Topco Ltd acquired a new stake in Intelligent Protection Management in the fourth quarter valued at approximately $28,000. 3.88% of the stock is owned by institutional investors.

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.