Intellicheck, Inc. (NASDAQ:IDN) Stock Has Consensus Target Price of $6.50

Shares of Intellicheck, Inc. (NASDAQ:IDN) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $6.50.

Several research analysts recently commented on the stock. Northland Securities set a $6.00 price target on shares of Intellicheck in a research note on Friday, August 14th. Weiss Ratings raised Intellicheck from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 14th. DA Davidson reduced their price objective on Intellicheck from $7.50 to $5.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Zacks Research downgraded Intellicheck from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Wall Street Zen upgraded Intellicheck from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd.

Intellicheck Stock Up 5.7%

Shares of NASDAQ:IDN opened at $2.40 on Friday. Intellicheck has a 52 week low of $2.12 and a 52 week high of $9.08. The firm has a fifty day simple moving average of $2.53 and a two-hundred day simple moving average of $4.22. The stock has a market capitalization of $48.65 million, a P/E ratio of 16.00 and a beta of 0.79.

Intellicheck (NASDAQ:IDN) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $5.94 million for the quarter. Intellicheck had a net margin of 13.03% and a return on equity of 15.02%. On average, analysts expect that Intellicheck will post 0.10 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IDN. Navellier & Associates Inc. grew its stake in shares of Intellicheck by 17.3% in the 2nd quarter. Navellier & Associates Inc. now owns 29,874 shares of the company’s stock valued at $122,000 after buying an additional 4,404 shares during the period. Allworth Financial LP raised its stake in Intellicheck by 525.9% in the second quarter. Allworth Financial LP now owns 8,450 shares of the company’s stock valued at $35,000 after buying an additional 7,100 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Intellicheck by 7.5% during the 2nd quarter. Squarepoint Ops LLC now owns 120,977 shares of the company’s stock worth $496,000 after acquiring an additional 8,453 shares in the last quarter. NewEdge Advisors LLC lifted its position in 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 acquiring an additional 14,066 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in Intellicheck during the 3rd quarter worth approximately $34,000. 42.79% of the stock is currently owned by institutional investors and hedge funds.

About Intellicheck

Intellicheck, Inc (NASDAQ: IDN) provides identity validation and fraud-prevention technology. Its platform is designed to authenticate government-issued identification documents, including driver’s licenses and other forms of identification, using mobile devices and application programming interfaces (APIs).

The company’s solutions support customer onboarding, know-your-customer and compliance processes, age verification, account opening, fraud detection, and identity authentication. Intellicheck serves organizations such as financial institutions, retailers, telecommunications companies, government agencies, and other businesses that need to verify identities remotely or at the point of service.

Intellicheck has developed its business around real-time document validation and identity verification, with services available through cloud-based and integrated technology solutions.