Intellicheck, Inc. (NASDAQ:IDN) Stock Has Consensus Target Price of $6.50

Shares of Intellicheck, Inc. (NASDAQ:IDN) have received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $6.50.

Several equities research analysts recently commented on the company. DA Davidson lowered their price target on Intellicheck from $7.50 to $5.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Northland Securities set a $6.00 price target on shares of Intellicheck in a research note on Friday, August 14th. Wall Street Zen lowered shares of Intellicheck from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Zacks Research cut shares of Intellicheck from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Finally, Weiss Ratings upgraded Intellicheck from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 14th.

Hedge Funds Weigh In On Intellicheck

A number of institutional investors have recently made changes to their positions in IDN. AIGH Capital Management LLC boosted its position in Intellicheck by 25.0% in the 1st quarter. AIGH Capital Management LLC now owns 1,517,249 shares of the company’s stock valued at $10,606,000 after buying an additional 303,815 shares during the last quarter. Renaissance Technologies LLC increased its position in Intellicheck by 11.3% in the first quarter. Renaissance Technologies LLC now owns 485,835 shares of the company’s stock worth $3,396,000 after purchasing an additional 49,470 shares during the period. Sei Investments Co. raised its holdings in Intellicheck by 22.1% during the 1st quarter. Sei Investments Co. now owns 175,210 shares of the company’s stock worth $1,225,000 after purchasing an additional 31,693 shares during the last quarter. Squarepoint Ops LLC lifted its position in Intellicheck by 7.5% during the 2nd quarter. Squarepoint Ops LLC now owns 120,977 shares of the company’s stock valued at $496,000 after purchasing an additional 8,453 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Intellicheck during the 4th quarter worth approximately $428,000. 42.79% of the stock is currently owned by institutional investors.

Intellicheck Trading Down 1.3%

NASDAQ IDN opened at $2.30 on Monday. Intellicheck has a 1 year low of $2.29 and a 1 year high of $9.08. The company has a market cap of $46.62 million, a PE ratio of 15.33 and a beta of 0.78. The stock’s 50-day moving average price is $3.00 and its two-hundred day moving average price is $4.63.

Intellicheck (NASDAQ:IDN) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $5.94 million during the quarter. Intellicheck had a net margin of 13.03% and a return on equity of 15.02%. Research analysts forecast that Intellicheck will post 0.1 EPS for the current fiscal year.

Intellicheck Company Profile

Intellicheck, Inc (NASDAQ: IDN) develops identity verification and fraud-prevention technology. Its platform is designed to authenticate government-issued identification documents, including driver’s licenses and identification cards, by analyzing the information encoded on the document and helping determine whether it is valid and consistent with the issuing authority’s standards.

The company’s solutions support applications such as customer onboarding, account opening, lending, payment and transaction security, age verification, retail transactions, and access control.