Intellicheck’s (IDN) Buy Rating Reaffirmed at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. restated their buy rating on shares of Intellicheck Inc (NYSEAMERICAN:IDN) in a research note issued to investors on Wednesday morning. They currently have a $4.00 target price on the industrial products company’s stock.
Other equities research analysts have also recently issued research reports about the stock. CIBC assumed coverage on shares of Intellicheck in a report on Wednesday, September 20th. They set an outperform rating and a $4.00 target price on the stock. Northland Securities assumed coverage on shares of Intellicheck in a report on Wednesday, September 6th. They set an outperform rating and a $4.30 target price on the stock. Finally, ValuEngine cut shares of Intellicheck from a hold rating to a sell rating in a report on Tuesday.
Shares of Intellicheck (NYSEAMERICAN:IDN) traded down $0.05 during midday trading on Wednesday, hitting $2.24. The stock had a trading volume of 67,900 shares, compared to its average volume of 65,748. Intellicheck has a 12-month low of $1.80 and a 12-month high of $4.55.
Intellicheck (NYSEAMERICAN:IDN) last posted its quarterly earnings results on Tuesday, November 14th. The industrial products company reported ($0.08) EPS for the quarter, hitting analysts’ consensus estimates of ($0.08). The company had revenue of $0.97 million for the quarter, compared to analysts’ expectations of $1.17 million. Intellicheck had a negative net margin of 115.48% and a negative return on equity of 37.73%.
A number of large investors have recently made changes to their positions in IDN. First Eagle Investment Management LLC grew its position in Intellicheck by 107.3% in the third quarter. First Eagle Investment Management LLC now owns 2,214,818 shares of the industrial products company’s stock worth $6,379,000 after acquiring an additional 1,146,432 shares in the last quarter. Clear Harbor Asset Management LLC boosted its position in Intellicheck by 38.8% during the second quarter. Clear Harbor Asset Management LLC now owns 939,912 shares of the industrial products company’s stock valued at $3,525,000 after buying an additional 262,500 shares during the period. Finally, Vanguard Group Inc. boosted its position in Intellicheck by 81.1% during the second quarter. Vanguard Group Inc. now owns 99,502 shares of the industrial products company’s stock valued at $386,000 after buying an additional 44,560 shares during the period.
Intellicheck, Inc, formerly Intellicheck Mobilisa, Inc, is a technology company. The Company is engaged in developing, integrating and marketing wireless technology and identity systems for various applications, including mobile and handheld access control, and security systems for the government, military and commercial markets.
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