Intellicheck Inc (IDN) Earns Outperform Rating from Analysts at CIBC
CIBC started coverage on shares of Intellicheck Inc (NYSEMKT:IDN) in a report released on Wednesday. The firm issued an outperform rating and a $4.00 price objective on the industrial products company’s stock.
Several other research analysts have also issued reports on the stock. Northland Securities initiated coverage on shares of Intellicheck in a research note on Wednesday, September 6th. They set an outperform rating and a $4.30 target price on the stock. Oppenheimer Holdings, Inc. initiated coverage on shares of Intellicheck in a research note on Wednesday. They set an outperform rating and a $4.00 target price on the stock.
Shares of Intellicheck (NYSEMKT:IDN) opened at 3.02 on Wednesday. Intellicheck has a one year low of $1.50 and a one year high of $4.55. The company’s 50 day moving average is $2.71 and its 200-day moving average is $3.16. The firm’s market capitalization is $45.24 million.
Intellicheck (NYSEMKT:IDN) last issued its earnings results on Monday, August 14th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.04). The company had revenue of $0.95 million for the quarter. Intellicheck had a negative return on equity of 37.73% and a negative net margin of 115.48%. Equities analysts expect that Intellicheck will post ($0.29) EPS for the current year.
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In other Intellicheck news, major shareholder Awm Investment Company, Inc. sold 32,135 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $3.52, for a total value of $113,115.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 153,518 shares of company stock worth $523,774 over the last ninety days.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Intellicheck by 81.1% in the second quarter. Vanguard Group Inc. now owns 99,502 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 44,560 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Intellicheck by 0.8% in the second quarter. First Eagle Investment Management LLC now owns 1,068,386 shares of the industrial products company’s stock valued at $4,145,000 after purchasing an additional 8,750 shares during the last quarter. Finally, Clear Harbor Asset Management LLC raised its holdings in shares of Intellicheck by 38.8% in the second quarter. Clear Harbor Asset Management LLC now owns 939,912 shares of the industrial products company’s stock valued at $3,525,000 after purchasing an additional 262,500 shares during the last quarter.
Intellicheck Company Profile
Intellicheck, Inc, formerly Intellicheck Mobilisa, Inc, is a technology company. The Company is engaged in developing, integrating and marketing wireless technology and identity systems for various applications, including mobile and handheld access control, and security systems for the government, military and commercial markets.
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