Intellicheck (NASDAQ:IDN) Shares Cross Above 50-Day Moving Average – Time to Sell?

Intellicheck, Inc. (NASDAQ:IDN) shares crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $2.36 and traded as high as $2.38. Intellicheck shares last traded at $2.37, with a volume of 170,287 shares trading hands.

Analyst Upgrades and Downgrades

IDN has been the topic of a number of research reports. DA Davidson reduced 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 report on Friday, August 14th. Wall Street Zen raised shares of Intellicheck from a “hold” rating to a “buy” rating in a report on Sunday, November 1st. Finally, Northland Securities set a $6.00 price objective on Intellicheck in a research report 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 data from MarketBeat.com, Intellicheck presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

Intellicheck Stock Up 6.8%

The business’s fifty day moving average is $2.36 and its two-hundred day moving average is $4.35. The stock has a market capitalization of $48.04 million, a PE ratio of 15.80 and a beta of 0.76.

Intellicheck (NASDAQ:IDN) last released its quarterly earnings data 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 net margin of 13.03% and a return on equity of 15.02%. Sell-side analysts expect that Intellicheck, Inc. will post 0.10 EPS for the current fiscal year.

Institutional Investors Weigh In On Intellicheck

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilkinson Global Asset Management LLC lifted its position in Intellicheck by 3.1% in the third quarter. Wilkinson Global Asset Management LLC now owns 254,327 shares of the company’s stock worth $584,000 after buying an additional 7,557 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of Intellicheck in the 3rd quarter worth about $68,000. Russell Investments Group Ltd. lifted its holdings in shares of Intellicheck by 7,872.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 117,598 shares of the company’s stock worth $270,000 after acquiring an additional 116,123 shares during the last quarter. StoneX Group Inc. bought a new position in Intellicheck during the 3rd quarter valued at about $53,000. Finally, Diversify Advisory Services LLC bought a new position in Intellicheck during the 3rd quarter valued at about $34,000. 42.79% of the stock is currently owned by hedge funds and other institutional investors.

About Intellicheck

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.