Intellicheck (NASDAQ:IDN) Stock Breaks Above 50 Day Moving Average – Here’s Why

Intellicheck, Inc. (NASDAQ:IDN)’s stock price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $2.36 and traded as high as $2.38. Intellicheck shares last traded at $2.37, with a volume of 170,287 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on IDN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Intellicheck in a report on Thursday. Wall Street Zen upgraded Intellicheck from a “hold” rating to a “buy” rating in a research note on Sunday, November 1st. DA Davidson reduced their target price on Intellicheck from $7.50 to $5.00 and set a “buy” rating for the company in a report on Friday, August 14th. Finally, Northland Securities set a $6.00 price target on Intellicheck in a research report on Friday, August 14th. Two equities 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.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.50.

Intellicheck Trading Down 17.0%

The company’s fifty day simple moving average is $2.33 and its 200 day simple moving average is $4.30. The stock has a market capitalization of $37.70 million, a P/E ratio of 14.00 and a beta of 0.76.

Intellicheck (NASDAQ:IDN) last released its quarterly earnings results on Thursday, November 12th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $5.74 million during the quarter. Intellicheck had a net margin of 13.94% and a return on equity of 15.40%. Equities research analysts predict that Intellicheck, Inc. will post 0.10 earnings per share for the current year.

Hedge Funds Weigh In On Intellicheck

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IDN. Renaissance Technologies LLC raised its holdings in shares of Intellicheck by 11.3% in the 1st quarter. Renaissance Technologies LLC now owns 485,835 shares of the company’s stock valued at $3,396,000 after acquiring an additional 49,470 shares in the last quarter. Sei Investments Co. boosted its position in shares of Intellicheck by 22.1% during the 1st quarter. Sei Investments Co. now owns 175,210 shares of the company’s stock valued at $1,225,000 after acquiring an additional 31,693 shares during the last quarter. Wilkinson Global Asset Management LLC boosted its position in shares of Intellicheck by 3.1% during the 3rd quarter. Wilkinson Global Asset Management LLC now owns 254,327 shares of the company’s stock valued at $584,000 after acquiring an additional 7,557 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of Intellicheck by 7.5% during the second quarter. Squarepoint Ops LLC now owns 120,977 shares of the company’s stock worth $496,000 after purchasing an additional 8,453 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Intellicheck by 83.5% during the first quarter. Dimensional Fund Advisors LP now owns 55,419 shares of the company’s stock worth $387,000 after purchasing an additional 25,213 shares in the last quarter. 42.79% of the stock is currently owned by hedge funds and other institutional investors.

Intellicheck Company Profile

Intellicheck, Inc. (NASDAQ: IDN) provides identity-validation and document-authentication technology. Its platform is designed to help organizations determine whether government-issued identification documents, including driver’s licenses and other identity cards, are genuine and whether the information presented is consistent with the document. The company’s solutions are delivered through mobile and digital channels and are used for applications such as customer onboarding, account opening, fraud prevention, age verification, lending, payments, retail transactions and access control.