Intellicheck (NYSE:IDN) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Intellicheck (NYSE:IDN) in a research report sent to investors on Sunday. The brokerage issued a buy rating on the stock.

IDN has been the subject of a number of other research reports. Northland Securities restated a market perform rating and issued a $4.00 price objective on shares of Intellicheck in a research note on Wednesday, April 10th. DA Davidson restated a buy rating and set a $5.00 price target on shares of Intellicheck in a research report on Friday, March 22nd. Finally, HC Wainwright restated a buy rating and set a $5.00 price objective on shares of Intellicheck in a report on Friday, March 22nd.

Intellicheck Price Performance

Shares of IDN stock opened at $3.16 on Friday. The firm has a 50-day moving average of $2.51 and a 200-day moving average of $2.08. Intellicheck has a one year low of $1.56 and a one year high of $4.25. The company has a market cap of $61.32 million, a P/E ratio of -31.60 and a beta of 1.78.

Intellicheck (NYSE:IDN) last announced its earnings results on Thursday, March 21st. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $5.18 million for the quarter, compared to the consensus estimate of $5.16 million. Intellicheck had a negative return on equity of 10.80% and a negative net margin of 10.47%. As a group, research analysts expect that Intellicheck will post -0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intellicheck

Several large investors have recently added to or reduced their stakes in IDN. Truist Financial Corp increased its stake in shares of Intellicheck by 21.8% in the fourth quarter. Truist Financial Corp now owns 37,279 shares of the company’s stock worth $71,000 after purchasing an additional 6,667 shares in the last quarter. Wilkinson Global Asset Management LLC boosted its holdings in Intellicheck by 9.2% in the 4th quarter. Wilkinson Global Asset Management LLC now owns 158,395 shares of the company’s stock worth $301,000 after buying an additional 13,333 shares during the period. Finally, Herald Investment Management Ltd grew its stake in Intellicheck by 12.8% in the 3rd quarter. Herald Investment Management Ltd now owns 850,000 shares of the company’s stock valued at $1,887,000 after buying an additional 96,439 shares in the last quarter. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Intellicheck Company Profile

Intellicheck, Inc, a technology company, provides on-demand digital identity validation solutions for KYC, fraud, and age verification needs in North America. The company offers solutions for digital and physical identities for financial services, fintech companies, BNPL providers, e-commerce and retail commerce businesses, law enforcement, and government agencies.