StockNews.com Initiates Coverage on Intellicheck (NYSE:IDN)

Analysts at StockNews.com initiated coverage on shares of Intellicheck (NYSE:IDN) in a report issued on Monday. The brokerage set a “sell” rating on the stock.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Intellicheck in a report on Friday, March 21st.

Intellicheck Stock Up 0.8 %

Shares of Intellicheck stock opened at $2.43 on Monday. The business has a 50-day moving average price of $2.55 and a 200 day moving average price of $2.57. 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 $48.15 million, a P/E ratio of -81.00 and a beta of 1.41.

Institutional Trading of Intellicheck

Hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC acquired a new stake in Intellicheck in the fourth quarter worth $56,000. Cutter & CO Brokerage Inc. bought a new position in Intellicheck in the 4th quarter worth about $64,000. Northern Trust Corp raised its holdings in shares of Intellicheck by 20.7% during the fourth quarter. Northern Trust Corp now owns 33,925 shares of the company’s stock valued at $95,000 after buying an additional 5,827 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Intellicheck by 9.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 64,336 shares of the company’s stock worth $173,000 after buying an additional 5,760 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Intellicheck by 9.5% in the 4th quarter. Renaissance Technologies LLC now owns 114,000 shares of the company’s stock valued at $319,000 after acquiring an additional 9,900 shares during the period. Institutional investors own 42.79% of the company’s stock.

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.