Intellicheck (NYSE:IDN) Shares Down 5.5% – Here’s What Happened

Shares of Intellicheck, Inc. (NYSE:IDN) fell 5.5% on Friday . The company traded as low as $5.57 and last traded at $5.68. 205,431 shares were traded during trading, an increase of 72% from the average session volume of 119,272 shares. The stock had previously closed at $6.01.

Analyst Ratings Changes

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

Intellicheck Price Performance

The company has a market cap of $114.76 million, a P/E ratio of -189.33 and a beta of 1.13. The stock has a fifty day moving average price of $6.37 and a two-hundred day moving average price of $5.59.

Institutional Trading of Intellicheck

Institutional investors have recently made changes to their positions in the company. OMERS ADMINISTRATION Corp bought a new position in shares of Intellicheck during the second quarter valued at about $54,000. Occudo Quantitative Strategies LP purchased a new stake in Intellicheck in the 2nd quarter valued at about $65,000. Jump Financial LLC bought a new position in shares of Intellicheck during the 2nd quarter worth approximately $66,000. PFG Investments LLC purchased a new position in shares of Intellicheck in the 4th quarter worth approximately $70,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Intellicheck by 21,267.7% in the second quarter. JPMorgan Chase & Co. now owns 13,889 shares of the company’s stock valued at $75,000 after acquiring an additional 13,824 shares in the last quarter. 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.