Intellicheck (NYSE:IDN) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Intellicheck (NYSE:IDN) in a research report issued on Tuesday. The brokerage set a “buy” rating on the stock.

A number of other brokerages have also commented on IDN. Northland Securities restated a “market perform” rating and set a $4.00 price objective on shares of Intellicheck in a research report on Wednesday, April 10th. DA Davidson reiterated a “buy” rating and issued a $5.00 price objective on shares of Intellicheck in a research note on Friday, March 22nd. Finally, HC Wainwright reissued a “buy” rating and set a $5.00 target price on shares of Intellicheck in a research note on Friday, March 22nd.

Intellicheck Price Performance

IDN stock opened at $3.07 on Tuesday. The company’s 50 day simple moving average is $2.81 and its 200-day simple moving average is $2.16. Intellicheck has a 52-week low of $1.56 and a 52-week high of $4.25. The firm has a market capitalization of $59.57 million, a P/E ratio of -30.70 and a beta of 1.81.

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

Institutional Investors Weigh In On Intellicheck

Several large investors have recently made changes to their positions in IDN. Herald Investment Management Ltd raised its position in Intellicheck by 12.8% during the third quarter. Herald Investment Management Ltd now owns 850,000 shares of the company’s stock valued at $1,887,000 after acquiring an additional 96,439 shares in the last quarter. Wilkinson Global Asset Management LLC increased its stake in shares of Intellicheck by 9.2% during the 4th quarter. Wilkinson Global Asset Management LLC now owns 158,395 shares of the company’s stock worth $301,000 after purchasing an additional 13,333 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Intellicheck by 21.8% during the 4th quarter. Truist Financial Corp now owns 37,279 shares of the company’s stock valued at $71,000 after purchasing an additional 6,667 shares in the last quarter. Institutional investors own 42.79% of the company’s stock.

About Intellicheck

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.