Intellicheck, Inc. (NASDAQ:IDN) Stock Has Consensus Target Price of $6.50

Shares of Intellicheck, Inc. (NASDAQ:IDN) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $6.50.

IDN has been the topic of several research analyst reports. Northland Securities set a $6.00 price objective on Intellicheck in a research report on Friday, August 14th. Zacks Research lowered shares of Intellicheck from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings raised shares of Intellicheck from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 14th. DA Davidson lowered their target price on Intellicheck from $7.50 to $5.00 and set a “buy” rating for the company in a report on Friday, August 14th. Finally, Wall Street Zen raised Intellicheck from a “hold” rating to a “buy” rating in a research report on Saturday.

Institutional Investors Weigh In On Intellicheck

Large investors have recently bought and sold shares of the company. AIGH Capital Management LLC raised its position in Intellicheck by 25.0% during the 1st quarter. AIGH Capital Management LLC now owns 1,517,249 shares of the company’s stock worth $10,606,000 after buying an additional 303,815 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of 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. raised its holdings 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 purchasing an additional 31,693 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of Intellicheck by 7.5% during the second quarter. Squarepoint Ops LLC now owns 120,977 shares of the company’s stock worth $496,000 after purchasing an additional 8,453 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Intellicheck during the fourth quarter valued at $428,000. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Intellicheck Trading Down 0.4%

IDN opened at $2.27 on Monday. The firm has a market cap of $46.01 million, a P/E ratio of 15.13 and a beta of 0.79. The stock has a 50-day moving average of $2.94 and a 200 day moving average of $4.59. Intellicheck has a 12 month low of $2.26 and a 12 month high of $9.08.

Intellicheck (NASDAQ:IDN) last released its earnings results on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The firm 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, research analysts forecast that Intellicheck will post 0.1 earnings per share for the current fiscal year.

Intellicheck Company Profile

Intellicheck, Inc (NASDAQ: IDN) develops identity verification and fraud-prevention technology. Its platform is designed to authenticate government-issued identification documents, including driver’s licenses and identification cards, by analyzing the information encoded on the document and helping determine whether it is valid and consistent with the issuing authority’s standards.

The company’s solutions support applications such as customer onboarding, account opening, lending, payment and transaction security, age verification, retail transactions, and access control.