Intellinetics FY2024 EPS Estimate Cut by Taglich Brothers

Intellinetics, Inc. (OTCMKTS:INLX) – Analysts at Taglich Brothers dropped their FY2024 EPS estimates for Intellinetics in a research report issued to clients and investors on Monday, November 18th. Taglich Brothers analyst H. Halpern now forecasts that the company will post earnings per share of ($0.19) 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 Stock Up 4.9 %

OTCMKTS:INLX opened at $15.52 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. Intellinetics has a 12-month low of $3.76 and a 12-month high of $16.50. The stock’s fifty day simple moving average is $13.01 and its 200-day simple moving average is $9.59. The firm has a market capitalization of $65.67 million, a P/E ratio of -172.44 and a beta of 0.34.

Hedge Funds Weigh In On Intellinetics

An institutional investor recently raised its position in Intellinetics stock. Bard Associates Inc. lifted its position in Intellinetics, Inc. (OTCMKTS:INLX) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,567 shares of the company’s stock after buying an additional 2,922 shares during the period. Bard Associates Inc. owned about 2.61% of Intellinetics worth $1,237,000 as of its most recent SEC filing. 0.75% of the stock is owned by institutional investors and hedge funds.

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.