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

Wall Street Zen downgraded shares of Intellicheck (NASDAQ:IDN) from a buy rating to a hold rating in a research report released on Saturday.

A number of other equities analysts have also weighed in on the company. DA Davidson lowered their price objective on Intellicheck from $7.50 to $5.00 and set a “buy” rating on the stock in a research note on Friday. Northland Securities set a $6.00 target price on Intellicheck in a research note on Friday. Weiss Ratings lowered Intellicheck from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. Craig Hallum lowered shares of Intellicheck from a “buy” rating to a “hold” rating and set a $6.50 price objective for the company. in a report on Wednesday, May 13th. Finally, Zacks Research downgraded shares of Intellicheck from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.50.

Intellicheck Trading Down 25.1%

IDN stock opened at $2.81 on Friday. The firm has a 50-day moving average of $3.95 and a two-hundred day moving average of $5.19. Intellicheck has a 12 month low of $2.70 and a 12 month high of $9.08. The company has a market cap of $56.90 million, a price-to-earnings ratio of 18.73 and a beta of 0.81.

Intellicheck (NASDAQ:IDN) last issued its earnings results on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $5.94 million for the quarter. Intellicheck had a return on equity of 15.41% and a net margin of 13.03%. As a group, equities analysts forecast that Intellicheck will post 0.17 earnings per share for the current year.

Hedge Funds Weigh In On Intellicheck

Several large investors have recently modified their holdings of IDN. AIGH Capital Management LLC raised its holdings in Intellicheck by 25.0% in the 1st quarter. AIGH Capital Management LLC now owns 1,517,249 shares of the company’s stock valued at $10,606,000 after buying an additional 303,815 shares during the period. Vanguard Group Inc. boosted its stake in Intellicheck by 6.0% during the third quarter. Vanguard Group Inc. now owns 997,493 shares of the company’s stock worth $5,187,000 after buying an additional 56,834 shares during the period. Renaissance Technologies LLC increased its position in shares of Intellicheck by 11.3% during the first 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 during the last quarter. Marshall Wace LLP increased its position in shares of Intellicheck by 10.2% during the fourth quarter. Marshall Wace LLP now owns 477,040 shares of the company’s stock valued at $3,187,000 after acquiring an additional 44,086 shares during the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Intellicheck in the 4th quarter valued at approximately $2,150,000. Institutional investors and hedge funds own 42.79% of the company’s stock.

About Intellicheck

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.