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 report sent to investors on Saturday morning,Wall Street Zen reports.

Other analysts also recently issued reports about the stock. Zacks Research downgraded shares of Intellicheck from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. DA Davidson cut their price target on shares of Intellicheck from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Weiss Ratings raised shares of Intellicheck from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Finally, Northland Securities set a $6.00 target price on shares of Intellicheck in a research report on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Intellicheck presently has an average rating of “Moderate Buy” and an average target price of $6.50.

Intellicheck Price Performance

Shares of Intellicheck stock opened at $2.26 on Friday. The firm has a market cap of $45.81 million, a price-to-earnings ratio of 15.07 and a beta of 0.79. The stock has a 50-day simple moving average of $2.92 and a 200-day simple moving average of $4.57. Intellicheck has a 52-week low of $2.24 and a 52-week high of $9.08.

Intellicheck (NASDAQ:IDN) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates 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%. As a group, equities research analysts predict that Intellicheck will post 0.1 earnings per share for the current year.

Hedge Funds Weigh In On Intellicheck

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AIGH Capital Management LLC lifted 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 buying an additional 303,815 shares during the last quarter. Renaissance Technologies LLC grew its stake in Intellicheck by 11.3% in the 1st quarter. Renaissance Technologies LLC now owns 485,835 shares of the company’s stock valued at $3,396,000 after buying an additional 49,470 shares during the last quarter. Sei Investments Co. grew its stake in Intellicheck by 22.1% in the 1st quarter. Sei Investments Co. now owns 175,210 shares of the company’s stock valued at $1,225,000 after buying an additional 31,693 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Intellicheck by 7.5% in the 2nd quarter. Squarepoint Ops LLC now owns 120,977 shares of the company’s stock worth $496,000 after acquiring an additional 8,453 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Intellicheck by 83.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 55,419 shares of the company’s stock worth $387,000 after acquiring an additional 25,213 shares during the period. Institutional investors and hedge funds own 42.79% of the company’s stock.

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.