Intellicheck (NASDAQ:IDN) Upgraded 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 published on Sunday morning,Wall Street Zen reports.

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

Intellicheck Price Performance

NASDAQ IDN opened at $2.13 on Friday. The firm’s 50-day moving average is $2.44 and its two-hundred day moving average is $4.46. Intellicheck has a 12 month low of $2.07 and a 12 month high of $9.08. The stock has a market capitalization of $43.18 million, a P/E ratio of 15.13 and a beta of 0.76.

Intellicheck (NASDAQ:IDN) last announced its quarterly 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 business 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%. As a group, analysts anticipate that Intellicheck will post 0.10 EPS for the current year.

Institutional Investors Weigh In On Intellicheck

Large investors have recently added to or reduced their stakes in the business. AIGH Capital Management LLC grew its stake 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 worth $10,606,000 after acquiring an additional 303,815 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Intellicheck by 11.3% during 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. increased its position in shares of Intellicheck by 22.1% during the first quarter. Sei Investments Co. now owns 175,210 shares of the company’s stock worth $1,225,000 after acquiring an additional 31,693 shares during the period. Squarepoint Ops LLC raised its stake in shares of Intellicheck by 7.5% in the second quarter. Squarepoint Ops LLC now owns 120,977 shares of the company’s stock valued at $496,000 after acquiring an additional 8,453 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Intellicheck by 201.0% in the second 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 in the last quarter. 42.79% of the stock is owned by hedge funds and other institutional investors.

About Intellicheck

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.