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

Equities researchers at StockNews.com started coverage on shares of Intellicheck (NYSE:IDN) in a research report issued to clients and investors on Saturday. The firm set a “sell” rating on the stock.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $4.00 price target on shares of Intellicheck in a report on Friday, March 21st.

Intellicheck Stock Performance

Shares of IDN stock opened at $2.88 on Friday. Intellicheck has a 52-week low of $1.92 and a 52-week high of $4.46. The stock has a market cap of $56.91 million, a price-to-earnings ratio of -96.00 and a beta of 1.90. The firm’s 50-day moving average is $2.61 and its 200-day moving average is $2.53.

Hedge Funds Weigh In On Intellicheck

Several institutional investors and hedge funds have recently made changes to their positions in IDN. Hilltop Holdings Inc. bought a new stake in Intellicheck in the 3rd quarter valued at $43,000. Corient Private Wealth LLC bought a new stake in shares of Intellicheck in the fourth quarter valued at about $56,000. Cutter & CO Brokerage Inc. bought a new stake in shares of Intellicheck in the fourth quarter valued at about $64,000. Northern Trust Corp grew its stake in shares of Intellicheck by 20.7% in the fourth quarter. Northern Trust Corp now owns 33,925 shares of the company’s stock valued at $95,000 after acquiring an additional 5,827 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in Intellicheck by 9.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 64,336 shares of the company’s stock worth $173,000 after acquiring an additional 5,760 shares during the period. Institutional investors and hedge funds 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.