Intellicheck (NYSE:IDN) PT Lowered to $4.00

Intellicheck (NYSE:IDN) had its target price cut by stock analysts at HC Wainwright from $5.00 to $4.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s target price would suggest a potential upside of 93.24% from the stock’s current price.

Several other research firms also recently weighed in on IDN. StockNews.com assumed coverage on Intellicheck in a research note on Wednesday, May 15th. They issued a “buy” rating for the company. DA Davidson cut Intellicheck from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $5.00 to $2.00 in a report on Friday.

Intellicheck Price Performance

Shares of NYSE:IDN traded down $0.82 during mid-day trading on Friday, reaching $2.07. 173,582 shares of the company traded hands, compared to its average volume of 248,890. The company’s 50 day moving average price is $3.32 and its 200-day moving average price is $2.81. The firm has a market cap of $40.30 million, a PE ratio of -41.40 and a beta of 2.01. Intellicheck has a 52 week low of $1.56 and a 52 week high of $4.46.

Intellicheck (NYSE:IDN) last announced its quarterly earnings data on Monday, May 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. Intellicheck had a negative return on equity of 5.82% and a negative net margin of 5.72%. The company had revenue of $4.68 million during the quarter, compared to the consensus estimate of $4.37 million. On average, research analysts predict that Intellicheck will post 0.02 earnings per share for the current fiscal year.

Insider Transactions at Intellicheck

In related news, CFO Jeffrey Ishmael sold 26,499 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $3.69, for a total transaction of $97,781.31. Following the sale, the chief financial officer now owns 259,904 shares in the company, valued at approximately $959,045.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.87% of the company’s stock.

Hedge Funds Weigh In On Intellicheck

Hedge funds and other institutional investors have recently made changes to their positions in the company. Truist Financial Corp grew its position in shares of Intellicheck by 21.8% during the 4th quarter. Truist Financial Corp now owns 37,279 shares of the company’s stock worth $71,000 after buying an additional 6,667 shares in the last quarter. Wilkinson Global Asset Management LLC grew its position in shares of Intellicheck by 9.2% during the 4th quarter. Wilkinson Global Asset Management LLC now owns 158,395 shares of the company’s stock worth $301,000 after buying an additional 13,333 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Intellicheck during the 1st quarter worth $43,000. Dimensional Fund Advisors LP bought a new position in shares of Intellicheck during the 2nd quarter worth $47,000. Finally, AIGH Capital Management LLC grew its position in shares of Intellicheck by 16.8% during the 2nd quarter. AIGH Capital Management LLC now owns 1,767,732 shares of the company’s stock worth $6,046,000 after buying an additional 253,706 shares in the last quarter. Institutional investors own 42.79% of the company’s stock.

Intellicheck Company Profile

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.