Intellicheck (NASDAQ:IDN) Rating Lowered to “Hold” at Wall Street Zen

Intellicheck (NASDAQ:IDN) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other equities analysts have also recently issued research reports about the stock. Zacks Research cut shares of Intellicheck from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Northland Securities set a $6.00 price target on shares of Intellicheck in a research report on Friday, August 14th. Weiss Ratings raised Intellicheck from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Finally, DA Davidson decreased their price objective on Intellicheck from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Intellicheck has an average rating of “Moderate Buy” and an average price target of $6.50.

Intellicheck Stock Performance

Shares of NASDAQ:IDN opened at $2.44 on Friday. The company has a 50 day moving average of $2.52 and a 200 day moving average of $4.18. The stock has a market cap of $49.46 million, a P/E ratio of 16.27 and a beta of 0.79. Intellicheck has a 12 month low of $2.12 and a 12 month high of $9.08.

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

Hedge Funds Weigh In On Intellicheck

Hedge funds have recently made changes to their positions in the business. Diversify Advisory Services LLC bought a new position in shares of Intellicheck during the third quarter valued at approximately $34,000. NewEdge Advisors LLC boosted its holdings in Intellicheck by 201.0% in the second quarter. NewEdge Advisors LLC now owns 70,625 shares of the company’s stock valued at $290,000 after acquiring an additional 47,163 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Intellicheck by 7.5% in the second quarter. Squarepoint Ops LLC now owns 120,977 shares of the company’s stock valued at $496,000 after acquiring an additional 8,453 shares in the last quarter. Allworth Financial LP increased its position in Intellicheck by 525.9% during the 2nd 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 during the period. Finally, AXQ Capital LP increased its position in Intellicheck by 124.7% during the 2nd quarter. AXQ Capital LP now owns 30,449 shares of the company’s stock valued at $125,000 after purchasing an additional 16,901 shares during the period. 42.79% of the stock is owned by hedge funds and other institutional investors.

About Intellicheck

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.