Intellicheck (NYSEAMERICAN:IDN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, Zacks.com reports. The brokerage presently has a $7.25 target price on the industrial products company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 7.62% from the company’s current price.
According to Zacks, “Intellicheck Mobilisa is a leading technology company, developing and marketing wireless technology and identity systems for various applications including: mobile and handheld wireless devices for the government, military and commercial markets. Products include the Defense ID system, an advanced ID card access control product currently protecting over 70 military and federal locations. ID-Check is a technology that instantly reads, analyzes, and verifies encoded data in magnetic stripes and barcodes on government-issue IDs from approximately 60 U.S. and Canadian jurisdictions to determine if the content and format are valid. The company’s products are used to address government and commercial fraud, focusing on age verification, secure access control and software tools, driver’s license readers, and ID validation markets. Intelli-Check Mobilisa sells its products through its direct sales force and marketing partners. The company is headquartered in Port Townsend, Washington. “
A number of other research analysts also recently commented on IDN. Seaport Global Securities began coverage on Intellicheck in a research note on Friday, October 18th. They issued a “buy” rating and a $8.00 price target for the company. B. Riley began coverage on Intellicheck in a research note on Friday, October 18th. They issued a “buy” rating and a $8.00 price target for the company. Finally, Northland Securities reaffirmed a “buy” rating and issued a $7.00 price target on shares of Intellicheck in a research note on Friday, August 2nd.
Shares of IDN traded up $0.04 during midday trading on Wednesday, reaching $6.74. 20,597 shares of the stock were exchanged, compared to its average volume of 38,211. Intellicheck has a twelve month low of $1.91 and a twelve month high of $6.92.
Intellicheck (NYSEAMERICAN:IDN) last posted its quarterly earnings results on Thursday, November 7th. The industrial products company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.02. The company had revenue of $1.93 million during the quarter, compared to analyst estimates of $1.56 million.
Hedge funds have recently bought and sold shares of the stock. Clear Harbor Asset Management LLC raised its stake in Intellicheck by 4.9% in the third quarter. Clear Harbor Asset Management LLC now owns 1,401,805 shares of the industrial products company’s stock valued at $6,995,000 after purchasing an additional 65,120 shares in the last quarter. Morgan Stanley grew its position in Intellicheck by 115,798.5% in the second quarter. Morgan Stanley now owns 300,177 shares of the industrial products company’s stock valued at $1,738,000 after acquiring an additional 299,918 shares during the last quarter. Vanguard Group Inc. grew its position in Intellicheck by 2.7% in the second quarter. Vanguard Group Inc. now owns 323,480 shares of the industrial products company’s stock valued at $1,873,000 after acquiring an additional 8,498 shares during the last quarter. Cutter & CO Brokerage Inc. bought a new position in Intellicheck in the second quarter valued at about $193,000. Finally, BlackRock Inc. grew its position in Intellicheck by 784.1% in the second quarter. BlackRock Inc. now owns 50,285 shares of the industrial products company’s stock valued at $291,000 after acquiring an additional 44,597 shares during the last quarter.
Intellicheck Company Profile
Intellicheck, Inc, a technology company, develops, integrates, and markets threat identification and identity authentication solutions for retail fraud prevention, law enforcement threat identification, and mobile and handheld access control and security systems primarily in the United States. It provides identity systems products, including commercial identification products, such as ID Check SDK for software developers; Retail ID, an authentication solution that authenticates identification documents; Retail ID Online, authenticates an online user's identification documents; Retail ID Mobile that provides the fraud reduction benefits of Retail ID; Age ID, a designation for various hand held devices; Guest ID, a software application that speeds up check-in and ID verification at hotels and motels; ID Check POS, a software application that runs on various VeriFone devices; ID Check BHO, a browser helper object for Microsoft browser; ID Check PC, a standalone software solution; State Aware software; software products for data collection devices; and instant credit application kiosk software applications.
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