StockNews.com Begins Coverage on Intellicheck (NYSE:IDN)

StockNews.com assumed coverage on shares of Intellicheck (NYSE:IDN – Get Rating) in a research report released on Monday. The firm issued a hold rating on the stock.

Separately, HC Wainwright reiterated a buy rating and set a $4.00 price target on shares of Intellicheck in a research report on Wednesday, March 22nd.

Intellicheck Price Performance

Shares of IDN opened at $2.55 on Monday. The company has a market cap of $49.09 million, a P/E ratio of -12.75 and a beta of 1.62. The stock has a fifty day moving average price of $2.28 and a 200 day moving average price of $2.36. Intellicheck has a 12 month low of $1.56 and a 12 month high of $3.37.

Intellicheck (NYSE:IDN – Get Rating) last issued its quarterly earnings data on Tuesday, March 21st. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $4.55 million for the quarter, compared to the consensus estimate of $4.33 million.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Clear Harbor Asset Management LLC boosted its position in Intellicheck by 1.4% during the 4th quarter. Clear Harbor Asset Management LLC now owns 1,507,519 shares of the company’s stock worth $3,015,000 after acquiring an additional 21,200 shares during the period. Herald Investment Management Ltd boosted its position in Intellicheck by 7.6% during the 1st quarter. Herald Investment Management Ltd now owns 750,000 shares of the company’s stock worth $1,875,000 after acquiring an additional 53,275 shares during the period. Morgan Dempsey Capital Management LLC acquired a new position in Intellicheck during the 1st quarter worth $735,000. Nantahala Capital Management LLC acquired a new position in Intellicheck during the 3rd quarter worth $314,000. Finally, Ancora Advisors LLC lifted its holdings in shares of Intellicheck by 54.5% in the fourth quarter. Ancora Advisors LLC now owns 116,309 shares of the company’s stock valued at $232,000 after buying an additional 41,014 shares during the period. Institutional investors and hedge funds own 37.23% of the company’s stock.

About Intellicheck

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Intellicheck, Inc engages in the development, integration, and marketing of threat and identity authentication solutions. It offers professional services, retail, age, defense, guest, and port ID. The company was founded in 1994 and is headquartered in Melville, NY.