Intellicheck (NYSE:IDN) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Intellicheck (NYSE:IDN) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

IDN has been the subject of several other research reports. DA Davidson upgraded Intellicheck from a “neutral” rating to a “buy” rating and raised their price target for the company from $3.00 to $5.50 in a report on Tuesday, May 20th. Craig Hallum upgraded Intellicheck from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a report on Wednesday, May 21st. Finally, HC Wainwright set a $6.00 price target on Intellicheck and gave the company a “buy” rating in a report on Wednesday, May 21st.

Intellicheck Trading Up 0.6%

NYSE:IDN opened at $5.26 on Wednesday. Intellicheck has a 12-month low of $1.92 and a 12-month high of $6.49. The stock has a 50-day moving average price of $3.76 and a 200 day moving average price of $3.05. The stock has a market capitalization of $104.38 million, a P/E ratio of -175.33 and a beta of 1.20.

Insider Transactions at Intellicheck

In other news, Director Gregory Braca sold 7,703 shares of Intellicheck stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $4.33, for a total value of $33,353.99. Following the completion of the transaction, the director now owns 823 shares in the company, valued at approximately $3,563.59. The trade was a 90.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.88% of the company’s stock.

Hedge Funds Weigh In On Intellicheck

A number of institutional investors and hedge funds have recently modified their holdings of IDN. CIBC Private Wealth Group LLC lifted its stake in shares of Intellicheck by 9.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 64,336 shares of the company’s stock worth $173,000 after acquiring an additional 5,760 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Intellicheck by 20.7% during the 4th quarter. Northern Trust Corp now owns 33,925 shares of the company’s stock worth $95,000 after acquiring an additional 5,827 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Intellicheck by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 199,835 shares of the company’s stock worth $560,000 after acquiring an additional 9,166 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Intellicheck by 9.5% during the 4th quarter. Renaissance Technologies LLC now owns 114,000 shares of the company’s stock worth $319,000 after acquiring an additional 9,900 shares during the last quarter. Finally, Wilkinson Global Asset Management LLC lifted its stake in shares of Intellicheck by 5.2% during the 1st quarter. Wilkinson Global Asset Management LLC now owns 216,116 shares of the company’s stock worth $655,000 after acquiring an additional 10,714 shares during the last quarter. Hedge funds and other 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.