Intellicheck (NYSE:IDN) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Intellicheck (NYSE:IDN) in a research note issued to investors on Monday. The firm issued a buy rating on the stock.

A number of other research firms have also commented on IDN. Northland Securities reissued a market perform rating and issued a $4.00 price objective on shares of Intellicheck in a research note on Wednesday, April 10th. DA Davidson reiterated a buy rating and set a $5.00 price target on shares of Intellicheck in a research report on Friday, March 22nd. Finally, HC Wainwright restated a buy rating and issued a $5.00 price objective on shares of Intellicheck in a research report on Friday, March 22nd.

Intellicheck Stock Up 1.2 %

Shares of IDN stock opened at $3.25 on Monday. The company has a market capitalization of $63.08 million, a P/E ratio of -32.50 and a beta of 1.78. Intellicheck has a 12-month low of $1.56 and a 12-month high of $4.25. The firm has a 50-day moving average price of $2.67 and a 200 day moving average price of $2.12.

Intellicheck (NYSE:IDN) last posted its earnings results on Thursday, March 21st. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $5.18 million during the quarter, compared to analysts’ expectations of $5.16 million. Intellicheck had a negative net margin of 10.47% and a negative return on equity of 10.80%. As a group, research analysts expect that Intellicheck will post -0.03 earnings per share for the current year.

Institutional Trading of Intellicheck

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Herald Investment Management Ltd boosted its stake in Intellicheck by 12.8% in the third quarter. Herald Investment Management Ltd now owns 850,000 shares of the company’s stock valued at $1,887,000 after acquiring an additional 96,439 shares during the last quarter. Truist Financial Corp lifted its stake in shares of Intellicheck by 21.8% in the 4th quarter. Truist Financial Corp now owns 37,279 shares of the company’s stock valued at $71,000 after purchasing an additional 6,667 shares during the period. Finally, Wilkinson Global Asset Management LLC lifted its stake in shares of Intellicheck by 9.2% in the 4th quarter. Wilkinson Global Asset Management LLC now owns 158,395 shares of the company’s stock valued at $301,000 after purchasing an additional 13,333 shares during the period. 42.79% of the stock is currently owned by institutional investors and hedge funds.

About Intellicheck

Intellicheck, Inc, a technology company, provides on-demand digital identity validation solutions for KYC, fraud, and age verification needs in North America. The company offers solutions for digital and physical identities for financial services, fintech companies, BNPL providers, e-commerce and retail commerce businesses, law enforcement, and government agencies.