Intellicheck (NASDAQ:IDN) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Intellicheck (NASDAQ:IDN) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

Several other equities research analysts have also recently commented on the stock. Northland Securities set a $6.00 price objective on shares of Intellicheck in a research report on Friday, August 14th. DA Davidson dropped their price target on Intellicheck from $7.50 to $5.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Intellicheck in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Intellicheck presently has an average rating of “Hold” and a consensus target price of $6.50.

Intellicheck Price Performance

IDN traded down $0.38 during trading on Friday, reaching $1.86. The company had a trading volume of 479,908 shares, compared to its average volume of 267,647. Intellicheck has a 12 month low of $1.80 and a 12 month high of $9.08. The business’s fifty day moving average price is $2.33 and its 200 day moving average price is $4.30. The company has a market cap of $37.70 million, a P/E ratio of 11.63 and a beta of 0.76.

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

Institutional Trading of Intellicheck

A number of hedge funds and other institutional investors have recently made changes to their positions in IDN. Diversify Advisory Services LLC acquired a new position in Intellicheck during the third quarter worth $34,000. Allworth Financial LP grew its position 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 purchasing an additional 7,100 shares in the last quarter. StoneX Group Inc. bought a new position in Intellicheck in the third quarter valued at $53,000. Empowered Funds LLC acquired a new stake in Intellicheck in the 3rd quarter valued at $64,000. Finally, HighTower Advisors LLC acquired a new stake in Intellicheck in the 3rd quarter valued at $68,000. 42.79% of the stock is currently owned by institutional investors and hedge funds.

Intellicheck Company Profile

Intellicheck, Inc. develops identity verification technology designed to help businesses confirm that identification documents are authentic and belong to the people presenting them. Its software reads and analyzes government-issued IDs, including driver’s licenses, using mobile devices and other digital channels. The company’s solutions support identity checks in settings such as financial services, retail and age-restricted sales. They are intended to help organizations reduce identity fraud, verify customers and meet operational or compliance requirements.