DA Davidson Lowers Earnings Estimates for Intellicheck

Intellicheck, Inc. (NYSE:IDN) – Stock analysts at DA Davidson decreased their FY2024 earnings estimates for shares of Intellicheck in a research report issued to clients and investors on Thursday, November 14th. DA Davidson analyst R. Kessinger now forecasts that the company will earn ($0.02) per share for the year, down from their previous estimate of ($0.01). DA Davidson has a “Neutral” rating and a $2.00 price target on the stock. The consensus estimate for Intellicheck’s current full-year earnings is ($0.07) per share. DA Davidson also issued estimates for Intellicheck’s FY2025 earnings at ($0.02) EPS.

IDN has been the topic of several other reports. StockNews.com lowered shares of Intellicheck from a “buy” rating to a “hold” rating in a report on Monday, August 12th. HC Wainwright reiterated a “buy” rating and issued a $4.00 target price on shares of Intellicheck in a report on Thursday, November 14th.

Intellicheck Price Performance

NYSE:IDN opened at $2.41 on Monday. The firm has a market capitalization of $47.62 million, a price-to-earnings ratio of -80.33 and a beta of 1.95. The company’s 50-day moving average is $2.26 and its two-hundred day moving average is $2.74. Intellicheck has a 1-year low of $1.65 and a 1-year high of $4.46.

Hedge Funds Weigh In On Intellicheck

Large investors have recently made changes to their positions in the stock. Hilltop Holdings Inc. acquired a new position in shares of Intellicheck in the 3rd quarter worth approximately $43,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Intellicheck in the 1st quarter worth approximately $43,000. Dimensional Fund Advisors LP acquired a new position in shares of Intellicheck in the 2nd quarter worth approximately $47,000. Wilkinson Global Asset Management LLC lifted its holdings in shares of Intellicheck by 4.8% in the 3rd quarter. Wilkinson Global Asset Management LLC now owns 191,577 shares of the company’s stock worth $416,000 after acquiring an additional 8,772 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC lifted its holdings in shares of Intellicheck by 3.7% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 269,357 shares of the company’s stock worth $585,000 after acquiring an additional 9,500 shares during the last quarter. 42.79% of the stock is currently owned by institutional investors and hedge funds.

About Intellicheck

Intellicheck, Inc, a technology company, provides on-demand digital identity validation solutions for KYC, fraud, and age verification needs in North America. The company offers solutions for digital and physical identities for financial services, fintech companies, BNPL providers, e-commerce and retail commerce businesses, law enforcement, and government agencies.