DA Davidson Upgrades Intellicheck (NYSE:IDN) to “Buy”

DA Davidson upgraded shares of Intellicheck (NYSE:IDN) from a neutral rating to a buy rating in a research note released on Tuesday,Benzinga reports. DA Davidson currently has $5.50 price target on the stock, up from their prior price target of $3.00.

Other equities research analysts also recently issued reports about the stock. HC Wainwright reissued a “buy” rating and issued a $4.00 price target on shares of Intellicheck in a report on Friday, March 21st. StockNews.com initiated coverage on shares of Intellicheck in a research note on Tuesday, April 22nd. They set a “hold” rating for the company.

Intellicheck Stock Up 19.6%

Shares of Intellicheck stock opened at $3.96 on Tuesday. The business has a fifty day simple moving average of $2.66 and a 200-day simple moving average of $2.66. Intellicheck has a fifty-two week low of $1.92 and a fifty-two week high of $4.46. The firm has a market cap of $78.59 million, a price-to-earnings ratio of -132.00 and a beta of 0.86.

Hedge Funds Weigh In On Intellicheck

Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in shares of Intellicheck in the 1st quarter valued at $45,000. Corient Private Wealth LLC purchased a new stake in Intellicheck during the fourth quarter valued at about $56,000. XTX Topco Ltd purchased a new position in shares of Intellicheck in the first quarter worth approximately $63,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of Intellicheck during the fourth quarter valued at approximately $64,000. Finally, Northern Trust Corp lifted its position in shares of Intellicheck by 20.7% in the 4th quarter. Northern Trust Corp now owns 33,925 shares of the company’s stock valued at $95,000 after acquiring an additional 5,827 shares in 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.