Intellicheck’s (IDN) Buy Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of Intellicheck (NASDAQ:IDN) in a report published on Wednesday,Benzinga reports. DA Davidson currently has a $7.50 price target on the stock.

Other equities analysts have also issued research reports about the stock. Craig Hallum lowered shares of Intellicheck from a “buy” rating to a “hold” rating and set a $6.50 target price on the stock. in a report on Wednesday. Wall Street Zen upgraded shares of Intellicheck from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Finally, Zacks Research upgraded shares of Intellicheck from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.38.

Intellicheck Stock Down 9.4%

Shares of IDN opened at $4.14 on Wednesday. The firm has a market cap of $83.84 million, a PE ratio of 37.64 and a beta of 0.97. The company’s fifty day moving average is $6.73 and its two-hundred day moving average is $6.10. Intellicheck has a fifty-two week low of $3.09 and a fifty-two week high of $9.08.

Intellicheck (NASDAQ:IDN) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $5.52 million for the quarter. Intellicheck had a net margin of 9.56% and a return on equity of 11.26%. As a group, equities research analysts anticipate that Intellicheck will post 0.17 earnings per share for the current year.

Insider Transactions at Intellicheck

In related news, CEO Bryan Lewis sold 10,000 shares of Intellicheck stock in a transaction on Monday, April 27th. The shares were sold at an average price of $8.05, for a total transaction of $80,500.00. Following the sale, the chief executive officer owned 40,000 shares of the company’s stock, valued at $322,000. The trade was a 20.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 40,000 shares of company stock worth $320,400. Insiders own 7.76% of the company’s stock.

Institutional Investors Weigh In On Intellicheck

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Occudo Quantitative Strategies LP purchased a new stake in Intellicheck during the 2nd quarter worth $65,000. Jump Financial LLC purchased a new stake in Intellicheck during the 2nd quarter worth $66,000. PFG Investments LLC purchased a new stake in Intellicheck during the 4th quarter worth $70,000. JPMorgan Chase & Co. increased its stake in Intellicheck by 21,267.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,889 shares of the company’s stock worth $75,000 after buying an additional 13,824 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in Intellicheck during the 2nd quarter worth $79,000. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Intellicheck Company Profile

Intellicheck, Inc is a provider of mobile identity verification and authentication solutions designed to help organizations verify credentials and combat fraud. The company’s technology leverages optical character recognition, machine learning, and biometric facial recognition to validate government?issued IDs, passports, and other identity documents in real time. These solutions are deployed via on?premises hardware or cloud?based platforms, enabling clients to integrate identity checks directly into digital workflows and point?of?sale systems.

The firm’s flagship offerings include mobile credential scanning applications and software development kits (SDKs) that support Know Your Customer (KYC), Anti–Money Laundering (AML), age verification, and regulatory compliance across multiple industries.