Intellicheck (NASDAQ:IDN) Stock Bumped Up to “Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Intellicheck (NASDAQ:IDN) from a hold rating to a buy rating in a research note published on Sunday,Wall Street Zen reports.

A number of other analysts have also issued reports on the company. Northland Securities set a $6.00 target price on Intellicheck in a report on Friday, August 14th. Weiss Ratings upgraded shares of Intellicheck from a “hold (c-)” rating to a “hold (c)” rating in a research note 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. Finally, DA Davidson lowered their target price on Intellicheck from $7.50 to $5.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $6.50.

Intellicheck Stock Performance

Shares of IDN stock opened at $2.37 on Friday. Intellicheck has a one year low of $2.12 and a one year high of $9.08. The firm’s 50 day moving average price is $2.47 and its 200-day moving average price is $4.50. The firm has a market cap of $48.04 million, a P/E ratio of 15.80 and a beta of 0.76.

Intellicheck (NASDAQ:IDN) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $5.94 million during the quarter. Intellicheck had a return on equity of 15.02% and a net margin of 13.03%. As a group, research analysts predict that Intellicheck will post 0.10 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IDN. AIGH Capital Management LLC lifted its stake in Intellicheck by 25.0% during the first quarter. AIGH Capital Management LLC now owns 1,517,249 shares of the company’s stock valued at $10,606,000 after purchasing an additional 303,815 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Intellicheck by 201.0% during the 2nd quarter. NewEdge Advisors LLC now owns 70,625 shares of the company’s stock worth $290,000 after acquiring an additional 47,163 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Intellicheck by 7.5% in the second quarter. Squarepoint Ops LLC now owns 120,977 shares of the company’s stock valued at $496,000 after purchasing an additional 8,453 shares during the period. Allworth Financial LP increased its holdings in Intellicheck by 525.9% in the 2nd quarter. Allworth Financial LP now owns 8,450 shares of the company’s stock valued at $35,000 after buying an additional 7,100 shares during the period. Finally, AXQ Capital LP grew its stake in shares of Intellicheck by 124.7% in the second quarter. AXQ Capital LP now owns 30,449 shares of the company’s stock worth $125,000 after purchasing an additional 16,901 shares during the last quarter. 42.79% of the stock is owned by institutional investors and hedge funds.

Intellicheck Company Profile

Intellicheck, Inc (NASDAQ: IDN) provides identity-validation and document-authentication technology. Its platform is designed to help organizations determine whether government-issued identification documents, including driver’s licenses and other identity cards, are genuine and whether the information presented is consistent with the document.

The company’s solutions are delivered through mobile and digital channels and are used for applications such as customer onboarding, account opening, fraud prevention, age verification, lending, payments, retail transactions and access control.