Intellicheck (NASDAQ:IDN) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Intellicheck (NASDAQ:IDN) from a hold rating to a buy rating in a research note released on Saturday morning,Wall Street Zen reports.

IDN has been the topic of several other research reports. DA Davidson decreased their price objective on Intellicheck from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Northland Securities set a $6.00 target price on Intellicheck in a research note on Friday, August 14th. Weiss Ratings upgraded Intellicheck from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Finally, Zacks Research lowered Intellicheck from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.50.

Intellicheck Stock Performance

Shares of IDN opened at $2.27 on Friday. The company has a market capitalization of $46.01 million, a price-to-earnings ratio of 15.13 and a beta of 0.79. The company’s 50 day simple moving average is $2.94 and its 200 day simple moving average is $4.59. Intellicheck has a 1 year low of $2.26 and a 1 year high of $9.08.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. AIGH Capital Management LLC lifted its position in Intellicheck by 25.0% during the first 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 in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Intellicheck in the first quarter worth $361,000. Renaissance Technologies LLC raised its stake in shares of Intellicheck by 11.3% in the 1st quarter. Renaissance Technologies LLC now owns 485,835 shares of the company’s stock valued at $3,396,000 after acquiring an additional 49,470 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Intellicheck in the 2nd quarter valued at $201,000. Finally, NewEdge Advisors LLC raised its stake in shares of Intellicheck by 201.0% in the 2nd quarter. NewEdge Advisors LLC now owns 70,625 shares of the company’s stock valued at $290,000 after acquiring an additional 47,163 shares during the period. 42.79% of the stock is owned by hedge funds and other institutional investors.

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.