Intellicheck (NYSE:IDN) Rating Increased to Outperform at Northland Securities

Intellicheck (NYSE:IDN) was upgraded by Northland Securities from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday, Marketbeat.com reports. The firm presently has a $7.00 price target on the stock. Northland Securities’ price target would suggest a potential upside of 7.97% from the stock’s current price.

A number of other analysts also recently commented on the company. DA Davidson boosted their price objective on Intellicheck from $5.50 to $6.50 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. HC Wainwright reiterated a “buy” rating and issued a $6.00 price target on shares of Intellicheck in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Intellicheck has an average rating of “Moderate Buy” and an average price target of $6.63.

Intellicheck Trading Up 44.7%

NYSE:IDN traded up $2.00 during mid-day trading on Thursday, hitting $6.48. The stock had a trading volume of 7,496,420 shares, compared to its average volume of 217,993. Intellicheck has a 52 week low of $2.17 and a 52 week high of $6.95. The stock has a market capitalization of $129.90 million, a price-to-earnings ratio of -221.00 and a beta of 1.38. The company has a 50 day simple moving average of $4.99 and a 200-day simple moving average of $4.86.

Hedge Funds Weigh In On Intellicheck

A number of institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in Intellicheck in the 1st quarter worth $45,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Intellicheck in the 2nd quarter worth approximately $54,000. XTX Topco Ltd acquired a new stake in shares of Intellicheck during the 1st quarter worth approximately $63,000. Occudo Quantitative Strategies LP bought a new stake in shares of Intellicheck during the second quarter valued at approximately $65,000. Finally, Jump Financial LLC bought a new stake in Intellicheck in the 2nd quarter valued at $66,000. 42.79% of the stock is currently owned by institutional investors.

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.