Intellicheck (NYSE:IDN) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Intellicheck (NYSE:IDN) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Intellicheck Price Performance

Shares of NYSE:IDN opened at $2.72 on Friday. The company has a market capitalization of $53.75 million, a P/E ratio of -90.67 and a beta of 1.90. The business’s 50 day simple moving average is $2.61 and its 200 day simple moving average is $2.51. Intellicheck has a 1 year low of $1.92 and a 1 year high of $4.46.

Institutional Trading of Intellicheck

Institutional investors and hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors acquired a new position in Intellicheck during the fourth quarter valued at approximately $676,000. Northern Trust Corp lifted its position 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 buying an additional 5,827 shares during the last quarter. Topline Capital Management LLC acquired a new stake in Intellicheck in the fourth quarter valued at about $3,248,000. Renaissance Technologies LLC grew its position in Intellicheck by 9.5% in the fourth quarter. Renaissance Technologies LLC now owns 114,000 shares of the company’s stock valued at $319,000 after acquiring an additional 9,900 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Intellicheck by 4.8% during the fourth 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 in the last quarter. Institutional investors own 42.79% of the company’s stock.

About Intellicheck

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.