Analysts Expect Intellicheck, Inc. (NASDAQ:IDN) Will Announce Quarterly Sales of $4.19 Million

Analysts expect Intellicheck, Inc. (NASDAQ:IDN) to post sales of $4.19 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Intellicheck’s earnings, with estimates ranging from $3.51 million to $4.87 million. Intellicheck reported sales of $2.70 million in the same quarter last year, which indicates a positive year-over-year growth rate of 55.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 3rd.

According to Zacks, analysts expect that Intellicheck will report full-year sales of $16.86 million for the current year, with estimates ranging from $15.71 million to $18.00 million. For the next year, analysts expect that the business will post sales of $22.52 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Intellicheck.

Intellicheck (NASDAQ:IDN) last announced its earnings results on Tuesday, August 3rd. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $4.80 million for the quarter, compared to analyst estimates of $3.18 million. Intellicheck had a negative net margin of 3.77% and a negative return on equity of 5.20%.

A number of equities analysts recently commented on IDN shares. Craig Hallum started coverage on Intellicheck in a research note on Friday, June 18th. They issued a “buy” rating and a $12.00 price target for the company. HC Wainwright reiterated a “buy” rating on shares of Intellicheck in a research note on Wednesday, August 4th. Finally, DA Davidson started coverage on Intellicheck in a research note on Thursday, July 29th. They issued a “buy” rating and a $13.00 price target for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $13.60.

Shares of Intellicheck stock traded up $0.01 during trading hours on Monday, hitting $9.10. 87,487 shares of the company’s stock traded hands, compared to its average volume of 216,450. The stock has a 50 day simple moving average of $8.61 and a 200-day simple moving average of $8.42. The company has a market cap of $170.46 million, a PE ratio of -303.33 and a beta of 1.86. Intellicheck has a twelve month low of $6.64 and a twelve month high of $15.45.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP lifted its holdings in Intellicheck by 69.6% in the second quarter. Marshall Wace LLP now owns 96,567 shares of the company’s stock worth $808,000 after acquiring an additional 39,631 shares during the last quarter. Morgan Stanley lifted its holdings in Intellicheck by 1,534.1% in the second quarter. Morgan Stanley now owns 76,377 shares of the company’s stock worth $639,000 after acquiring an additional 71,703 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Intellicheck by 196.6% in the second quarter. Wells Fargo & Company MN now owns 24,831 shares of the company’s stock worth $208,000 after acquiring an additional 16,458 shares during the last quarter. Walleye Capital LLC bought a new position in Intellicheck in the second quarter worth about $195,000. Finally, Wilkinson Global Asset Management LLC raised its holdings in shares of Intellicheck by 4.7% during the second quarter. Wilkinson Global Asset Management LLC now owns 53,654 shares of the company’s stock valued at $449,000 after buying an additional 2,387 shares during the last quarter. 43.99% of the stock is currently owned by hedge funds and other institutional investors.

Intellicheck Company Profile

Intellicheck, Inc engages in the development, integration, and marketing of threat and identity authentication solutions. It offers professional services, retail, age, defense, guest, and port ID. The company was founded in 1994 and is headquartered in Melville, NY.

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