Zacks Investment Research lowered shares of Intellicheck Inc (NYSEAMERICAN:IDN) from a hold rating to a sell rating in a research note released on Friday morning.

According to Zacks, “Intellicheck Mobilisa is a leading technology company, developing and marketing wireless technology and identity systems for various applications including: mobile and handheld wireless devices for the government, military and commercial markets. Products include the Defense ID system, an advanced ID card access control product currently protecting over 70 military and federal locations. ID-Check is a technology that instantly reads, analyzes, and verifies encoded data in magnetic stripes and barcodes on government-issue IDs from approximately 60 U.S. and Canadian jurisdictions to determine if the content and format are valid. The company’s products are used to address government and commercial fraud, focusing on age verification, secure access control and software tools, driver’s license readers, and ID validation markets. Intelli-Check Mobilisa sells its products through its direct sales force and marketing partners. The company is headquartered in Port Townsend, Washington. “

A number of other research analysts also recently issued reports on IDN. Oppenheimer Holdings, Inc. reiterated a buy rating and issued a $4.00 price target on shares of Intellicheck in a research note on Wednesday, November 15th. ValuEngine downgraded shares of Intellicheck from a hold rating to a sell rating in a research note on Tuesday, November 14th. CIBC began coverage on shares of Intellicheck in a research note on Wednesday, September 20th. They issued an outperform rating and a $4.00 price target for the company. Finally, Northland Securities began coverage on shares of Intellicheck in a research note on Wednesday, September 6th. They issued an outperform rating and a $4.30 price target for the company. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $4.10.

Shares of Intellicheck (NYSEAMERICAN:IDN) opened at $2.25 on Friday. 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 data on Tuesday, November 14th. The industrial products company reported ($0.08) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.08). Intellicheck had a negative net margin of 115.48% and a negative return on equity of 37.73%. The business had revenue of $0.97 million during the quarter, compared to analyst estimates of $1.17 million.

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Several institutional investors have recently made changes to their positions in the company. First Eagle Investment Management LLC increased its holdings in shares of Intellicheck by 0.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,068,386 shares of the industrial products company’s stock valued at $4,145,000 after acquiring an additional 8,750 shares during the period. Vanguard Group Inc. increased its holdings in shares of Intellicheck by 81.1% in the 2nd quarter. Vanguard Group Inc. now owns 99,502 shares of the industrial products company’s stock valued at $386,000 after acquiring an additional 44,560 shares during the period. Finally, Clear Harbor Asset Management LLC increased its holdings in shares of Intellicheck by 21.4% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 1,141,162 shares of the industrial products company’s stock valued at $3,287,000 after acquiring an additional 201,250 shares during the period.

About Intellicheck

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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