Intellicheck (NASDAQ:IDN) Raised to “Buy” at Wall Street Zen

Intellicheck (NASDAQ:IDN) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

IDN has been the topic of several other reports. DA Davidson dropped their target price on shares of Intellicheck from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Weiss Ratings upgraded shares of Intellicheck from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 14th. Zacks Research downgraded shares of Intellicheck from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Northland Securities set a $6.00 price objective on shares of Intellicheck in a report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.50.

Intellicheck Stock Performance

IDN stock opened at $2.27 on Friday. The business’s 50-day moving average price is $2.94 and its two-hundred day moving average price is $4.59. The firm has a market cap of $46.01 million, a PE ratio of 15.13 and a beta of 0.79. Intellicheck has a 1-year low of $2.26 and a 1-year high of $9.08.

Intellicheck (NASDAQ:IDN) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. Intellicheck had a return on equity of 15.02% and a net margin of 13.03%.The company had revenue of $5.94 million for the quarter. On average, analysts forecast that Intellicheck will post 0.1 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP raised its stake in Intellicheck by 525.9% in the 2nd quarter. Allworth Financial LP now owns 8,450 shares of the company’s stock valued at $35,000 after acquiring an additional 7,100 shares during the period. Globeflex Capital L P acquired a new stake in Intellicheck during the 2nd quarter valued at $70,000. Navellier & Associates Inc. boosted its position in Intellicheck by 17.3% during the second quarter. Navellier & Associates Inc. now owns 29,874 shares of the company’s stock worth $122,000 after purchasing an additional 4,404 shares during the period. AXQ Capital LP boosted its position in Intellicheck by 124.7% during the second quarter. AXQ Capital LP now owns 30,449 shares of the company’s stock worth $125,000 after purchasing an additional 16,901 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of Intellicheck by 149.7% in the first quarter. NewEdge Advisors LLC now owns 23,462 shares of the company’s stock valued at $164,000 after purchasing an additional 14,066 shares during the last quarter. 42.79% of the stock is currently owned by institutional investors.

About Intellicheck

Intellicheck, Inc (NASDAQ: IDN) develops identity verification and fraud-prevention technology. Its platform is designed to authenticate government-issued identification documents, including driver’s licenses and identification cards, by analyzing the information encoded on the document and helping determine whether it is valid and consistent with the issuing authority’s standards.

The company’s solutions support applications such as customer onboarding, account opening, lending, payment and transaction security, age verification, retail transactions, and access control.