Intellicheck (NYSE:IDN) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Intellicheck (NYSE:IDN) in a research report released on Thursday. The brokerage issued a buy rating on the stock.

Other analysts have also recently issued research reports about the company. HC Wainwright reissued a buy rating and set a $5.00 price objective on shares of Intellicheck in a report on Friday, March 22nd. DA Davidson restated a buy rating and issued a $5.00 target price on shares of Intellicheck in a research note on Friday, March 22nd.

Intellicheck Stock Performance

Shares of IDN opened at $3.48 on Thursday. The stock’s 50-day simple moving average is $1.96 and its 200 day simple moving average is $1.96. The stock has a market capitalization of $67.34 million, a price-to-earnings ratio of -34.80 and a beta of 1.68. Intellicheck has a 52-week low of $1.56 and a 52-week high of $4.25.

Intellicheck (NYSE:IDN) last issued its quarterly earnings data on Thursday, March 21st. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $5.18 million for the quarter, compared to analysts’ expectations of $5.16 million. Intellicheck had a negative return on equity of 10.77% and a negative net margin of 10.47%. On average, research analysts forecast that Intellicheck will post -0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intellicheck

Institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. bought a new position in Intellicheck in the 4th quarter worth about $25,000. UBS Group AG increased its position in shares of Intellicheck by 122.1% during the 3rd quarter. UBS Group AG now owns 11,947 shares of the company’s stock valued at $27,000 after purchasing an additional 6,567 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new position in shares of Intellicheck during the 2nd quarter valued at about $32,000. Squarepoint Ops LLC bought a new position in shares of Intellicheck during the 1st quarter valued at about $32,000. Finally, Prudential Financial Inc. bought a new position in shares of Intellicheck during the 1st quarter valued at about $34,000. 42.79% of the stock is currently owned by institutional investors.

About Intellicheck

Intellicheck, Inc, a technology company, develops, integrates, and markets threat identification and identity authentication solutions primarily in the United States. The company offers solutions for bank and retail fraud prevention, law enforcement threat identification, and mobile and handheld access control and security systems.