Wall Street Zen Upgrades Intellicheck (NASDAQ:IDN) to Buy

Intellicheck (NASDAQ:IDN) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday, Wall Street Zen reports.

A number of other research analysts have also issued reports on IDN. 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 report 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. Zacks Research cut Intellicheck from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Northland Securities set a $6.00 target price on Intellicheck in a research note on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.50.

Intellicheck Stock Down 4.2%

IDN opened at $2.27 on Friday. The firm has a market cap of $46.01 million, a price-to-earnings ratio of 16.40 and a beta of 0.79. Intellicheck has a fifty-two week low of $2.12 and a fifty-two week high of $9.08. The company’s 50-day moving average price is $2.45 and its 200 day moving average price is $4.48.

Intellicheck (NASDAQ:IDN) last posted its earnings results on Thursday, August 13th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $5.94 million during the quarter. Intellicheck had a return on equity of 15.02% and a net margin of 13.03%. Research analysts anticipate that Intellicheck will post 0.10 earnings per share for the current year.

Institutional Investors Weigh In On Intellicheck

A number of institutional investors have recently added to or reduced their stakes in IDN. AIGH Capital Management LLC lifted its holdings in shares of Intellicheck by 25.0% in the first 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. NewEdge Advisors LLC boosted its stake in Intellicheck by 201.0% during the second quarter. NewEdge Advisors LLC now owns 70,625 shares of the company’s stock valued at $290,000 after buying an additional 47,163 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Intellicheck by 7.5% during the second quarter. Squarepoint Ops LLC now owns 120,977 shares of the company’s stock valued at $496,000 after buying an additional 8,453 shares in the last quarter. Allworth Financial LP grew its holdings in Intellicheck by 525.9% during the second quarter. Allworth Financial LP now owns 8,450 shares of the company’s stock worth $35,000 after acquiring an additional 7,100 shares during the period. Finally, AXQ Capital LP grew its holdings in Intellicheck by 124.7% during the second quarter. AXQ Capital LP now owns 30,449 shares of the company’s stock worth $125,000 after acquiring an additional 16,901 shares during the period. 42.79% of the stock is currently owned by institutional investors and hedge funds.

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.