Intellicheck (NYSE:IDN) Price Target Raised to $7.50 at DA Davidson

Intellicheck (NYSE:IDN) had its target price raised by DA Davidson from $6.50 to $7.50 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also recently commented on IDN. Northland Securities raised Intellicheck from a “market perform” rating to an “outperform” rating and set a $7.00 price target for the company in a report on Thursday. HC Wainwright restated a “buy” rating and issued a $6.00 target price on shares of Intellicheck in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Intellicheck presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Intellicheck Stock Performance

Shares of NYSE:IDN traded down $0.33 on Thursday, hitting $5.85. 1,010,041 shares of the company were exchanged, compared to its average volume of 242,529. The company’s 50 day moving average price is $5.02 and its two-hundred day moving average price is $4.89. The firm has a market capitalization of $117.22 million, a price-to-earnings ratio of -195.00 and a beta of 1.38. Intellicheck has a one year low of $2.17 and a one year high of $6.95.

Institutional Investors Weigh In On Intellicheck

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in Intellicheck during the 1st quarter worth about $45,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Intellicheck during the second quarter worth about $54,000. XTX Topco Ltd bought a new position in Intellicheck in the first quarter valued at approximately $63,000. Occudo Quantitative Strategies LP acquired a new position in Intellicheck in the 2nd quarter worth $65,000. Finally, Jump Financial LLC acquired a new position in shares of Intellicheck during the second quarter worth about $66,000. Institutional investors own 42.79% of the company’s stock.

Intellicheck Company Profile

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.