Intellicheck (NYSE:IDN) Upgraded at DA Davidson

Intellicheck (NYSE:IDNGet Free Report) was upgraded by stock analysts at DA Davidson from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, Marketbeat reports. The firm currently has a $5.50 price objective on the stock, up from their prior price objective of $3.00. DA Davidson’s price objective would indicate a potential upside of 29.72% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. StockNews.com started coverage on shares of Intellicheck in a research note on Tuesday, April 22nd. They issued a “hold” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $4.00 price objective on shares of Intellicheck in a report on Friday, March 21st.

View Our Latest Stock Analysis on IDN

Intellicheck Price Performance

IDN opened at $4.24 on Tuesday. The firm has a fifty day moving average price of $2.70 and a 200 day moving average price of $2.68. Intellicheck has a 1 year low of $1.92 and a 1 year high of $4.77. The stock has a market cap of $84.14 million, a P/E ratio of -141.33 and a beta of 0.86.

Institutional Investors Weigh In On Intellicheck

A number of hedge funds have recently modified their holdings of IDN. Wilkinson Global Asset Management LLC raised its position in shares of Intellicheck by 7.2% in the fourth quarter. Wilkinson Global Asset Management LLC now owns 205,402 shares of the company’s stock valued at $575,000 after buying an additional 13,825 shares during the last quarter. Cutter & CO Brokerage Inc. acquired a new stake in shares of Intellicheck in the fourth quarter valued at about $64,000. Corient Private Wealth LLC acquired a new stake in shares of Intellicheck in the fourth quarter valued at about $56,000. CIBC Private Wealth Group LLC raised its position in shares of Intellicheck by 9.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 64,336 shares of the company’s stock valued at $173,000 after buying an additional 5,760 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Intellicheck by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 199,835 shares of the company’s stock valued at $560,000 after buying an additional 9,166 shares during the last quarter. 42.79% of the stock is currently owned by institutional investors and hedge funds.

About Intellicheck

(Get Free Report)

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.

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