Intellicheck (NASDAQ:IDN) Downgraded by Wall Street Zen to “Hold”

Intellicheck (NASDAQ:IDN) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Several other research firms have also recently commented on IDN. Weiss Ratings reiterated a “hold (c)” rating on shares of Intellicheck in a report on Thursday. Northland Securities set a $6.00 price objective on shares of Intellicheck in a research report on Friday, August 14th. Finally, DA Davidson reduced their price objective 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. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.50.

Intellicheck Stock Performance

Shares of IDN opened at $1.86 on Friday. The stock has a 50-day simple moving average of $2.33 and a 200-day simple moving average of $4.30. The stock has a market capitalization of $37.70 million, a PE ratio of 14.00 and a beta of 0.76. Intellicheck has a 1 year low of $1.80 and a 1 year high of $9.08.

Intellicheck (NASDAQ:IDN) last released its earnings results on Thursday, November 12th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $5.74 million for the quarter. Intellicheck had a net margin of 13.94% and a return on equity of 15.40%. Analysts predict that Intellicheck will post 0.10 EPS for the current year.

Institutional Trading of Intellicheck

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its position in shares of 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 last quarter. Diversify Advisory Services LLC acquired a new position in Intellicheck in the third quarter valued at $34,000. Globeflex Capital L P acquired a new position in Intellicheck in the second quarter valued at $70,000. StoneX Group Inc. acquired a new position in Intellicheck in the third quarter valued at $53,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Intellicheck by 149.7% during the first quarter. NewEdge Advisors LLC now owns 23,462 shares of the company’s stock worth $164,000 after purchasing an additional 14,066 shares during the last quarter. Institutional investors and hedge funds own 42.79% of the company’s stock.

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.