StockNews.com Initiates Coverage on Intellicheck (NYSE:IDN)

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

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

Intellicheck Trading Down 10.8 %

Shares of Intellicheck stock opened at $2.96 on Tuesday. The company has a market cap of $57.44 million, a PE ratio of -29.60 and a beta of 1.81. The company has a 50 day moving average of $2.79 and a 200-day moving average of $2.16. Intellicheck has a 1-year low of $1.56 and a 1-year high of $4.25.

Intellicheck (NYSE:IDN) last released its earnings results on Thursday, March 21st. The company reported $0.04 earnings per share for the quarter. Intellicheck had a negative return on equity of 10.80% and a negative net margin of 10.47%. The firm had revenue of $5.18 million during the quarter, compared to analysts’ expectations of $5.16 million. Research analysts forecast that Intellicheck will post -0.03 earnings per share for the current year.

Institutional Trading of Intellicheck

Hedge funds and other institutional investors have recently made changes to their positions in the company. Herald Investment Management Ltd grew its holdings in Intellicheck by 12.8% during the 3rd quarter. Herald Investment Management Ltd now owns 850,000 shares of the company’s stock worth $1,887,000 after acquiring an additional 96,439 shares during the last quarter. Wilkinson Global Asset Management LLC raised its stake in shares of Intellicheck by 9.2% during the fourth quarter. Wilkinson Global Asset Management LLC now owns 158,395 shares of the company’s stock valued at $301,000 after acquiring an additional 13,333 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Intellicheck by 21.8% during 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 during the period. 42.79% of the stock is currently owned by institutional investors.

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.