Intellicheck (NYSE:IDN) Shares Down 4.7% – Should You Sell?

Intellicheck, Inc. (NYSE:IDN)’s share price was down 4.7% on Monday . The company traded as low as $4.65 and last traded at $4.65. Approximately 90,582 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 144,622 shares. The stock had previously closed at $4.88.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on IDN shares. DA Davidson reissued a “neutral” rating and set a $7.50 target price on shares of Intellicheck in a research report on Monday, November 24th. Northland Securities raised Intellicheck from a “market perform” rating to an “outperform” rating and set a $7.00 price objective for the company in a research report on Thursday, November 13th. Finally, HC Wainwright restated a “buy” rating and set a $8.50 target price (up previously from $6.00) on shares of Intellicheck in a research note on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Intellicheck has a consensus rating of “Moderate Buy” and a consensus target price of $7.25.

Intellicheck Stock Performance

The company has a market cap of $93.95 million, a P/E ratio of -155.00 and a beta of 1.14. The stock has a 50-day simple moving average of $5.92 and a 200 day simple moving average of $5.57.

Institutional Trading of Intellicheck

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IDN. XTX Topco Ltd boosted its stake in Intellicheck by 19.4% in the 4th quarter. XTX Topco Ltd now owns 45,085 shares of the company’s stock valued at $301,000 after buying an additional 7,339 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Intellicheck during the fourth quarter worth $227,000. Millennium Management LLC bought a new position in shares of Intellicheck during the fourth quarter valued at $106,000. 683 Capital Management LLC acquired a new stake in shares of Intellicheck in the 4th quarter valued at $514,000. Finally, Trexquant Investment LP bought a new stake in shares of Intellicheck in the 4th quarter worth about $165,000. Institutional investors own 42.79% of the company’s stock.

Intellicheck Company Profile

Intellicheck, Inc (NYSE: IDN) is a U.S.-based technology company specializing in identity verification and risk mitigation solutions. The company develops software that leverages machine learning, computer vision and proprietary analytics to authenticate a wide range of identity documents in real time and detect fraudulent or counterfeit credentials. Intellicheck’s platform integrates with point-of-sale systems, kiosks and mobile devices, enabling seamless deployment across multiple channels.

Focused on retail, financial services, hospitality, gaming and government sectors, Intellicheck’s solutions help clients comply with regulatory requirements, reduce fraud losses and streamline customer interactions.