Intellicheck (NASDAQ:IDN) Cut to “Hold” at Wall Street Zen

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

IDN has been the subject of a number of other reports. Weiss Ratings raised Intellicheck from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 14th. DA Davidson cut their price target on shares of Intellicheck from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Zacks Research lowered Intellicheck from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Finally, Northland Securities set a $6.00 target price on shares of Intellicheck in a research report on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $6.50.

Intellicheck Stock Performance

Shares of IDN opened at $2.47 on Friday. The firm has a market capitalization of $50.07 million, a P/E ratio of 16.27 and a beta of 0.79. Intellicheck has a 52 week low of $2.12 and a 52 week high of $9.08. The stock has a 50 day moving average price of $2.52 and a two-hundred day moving average price of $4.60.

Intellicheck (NASDAQ:IDN) last posted its earnings results on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $5.94 million for the quarter. Intellicheck had a return on equity of 15.02% and a net margin of 13.03%. On average, equities analysts forecast that Intellicheck will post 0.10 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. AIGH Capital Management LLC increased its position in shares of Intellicheck by 25.0% in the first quarter. AIGH Capital Management LLC now owns 1,517,249 shares of the company’s stock valued at $10,606,000 after acquiring an additional 303,815 shares during the period. Renaissance Technologies LLC lifted its stake 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 acquiring an additional 49,470 shares during the period. Sei Investments Co. lifted its position in shares of Intellicheck by 22.1% in 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 period. Squarepoint Ops LLC lifted its holdings in Intellicheck by 7.5% in the second quarter. Squarepoint Ops LLC now owns 120,977 shares of the company’s stock worth $496,000 after buying an additional 8,453 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Intellicheck by 83.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 55,419 shares of the company’s stock valued at $387,000 after purchasing an additional 25,213 shares during the period. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Intellicheck Company Profile

Intellicheck, Inc (NASDAQ: IDN) provides identity-validation and document-authentication technology. Its platform is designed to help organizations determine whether government-issued identification documents, including driver’s licenses and other identity cards, are genuine and whether the information presented is consistent with the document.

The company’s solutions are delivered through mobile and digital channels and are used for applications such as customer onboarding, account opening, fraud prevention, age verification, lending, payments, retail transactions and access control.