StockNews.com Initiates Coverage on Intellicheck (NYSE:IDN)

Equities research analysts at StockNews.com initiated coverage on shares of Intellicheck (NYSE:IDN) in a research report issued on Monday. The brokerage set a “buy” rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Northland Securities reaffirmed a “market perform” rating and issued a $4.00 target price on shares of Intellicheck in a research report on Wednesday, April 10th. DA Davidson reaffirmed a “buy” rating and issued a $5.00 target price on shares of Intellicheck in a research report on Friday, March 22nd. Finally, HC Wainwright reissued a “buy” rating and set a $5.00 price objective on shares of Intellicheck in a research report on Friday, March 22nd.

Intellicheck Trading Up 0.3 %

NYSE:IDN opened at $3.19 on Monday. Intellicheck has a 12 month low of $1.56 and a 12 month high of $4.25. The company has a market cap of $61.90 million, a PE ratio of -31.90 and a beta of 1.78. The company has a 50 day simple moving average of $2.59 and a two-hundred day simple moving average of $2.10.

Intellicheck (NYSE:IDN) last posted its earnings results on Thursday, March 21st. The company reported $0.04 EPS for the quarter. Intellicheck had a negative net margin of 10.47% and a negative return on equity of 10.80%. The business had revenue of $5.18 million during the quarter, compared to the consensus estimate of $5.16 million. Research analysts forecast that Intellicheck will post -0.03 earnings per share for the current year.

Institutional Investors Weigh In On Intellicheck

A number of hedge funds have recently modified their holdings of the business. Herald Investment Management Ltd boosted its holdings in Intellicheck by 12.8% in the 3rd quarter. Herald Investment Management Ltd now owns 850,000 shares of the company’s stock worth $1,887,000 after buying an additional 96,439 shares during the period. Truist Financial Corp boosted its holdings in Intellicheck by 21.8% in 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 during the period. Finally, Wilkinson Global Asset Management LLC boosted its holdings in Intellicheck by 9.2% in 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 during the period. 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.