Intellicheck (NASDAQ:IDN) Shares Cross Above 50-Day Moving Average – Time to Sell?

Intellicheck, Inc. (NASDAQ:IDN)’s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $2.36 and traded as high as $2.38. Intellicheck shares last traded at $2.37, with a volume of 170,287 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Intellicheck from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 14th. Northland Securities set a $6.00 price objective on Intellicheck in a report on Friday, August 14th. Wall Street Zen raised Intellicheck from a “hold” rating to a “buy” rating in a research report on Sunday, November 1st. Finally, DA Davidson reduced their target price on Intellicheck from $7.50 to $5.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Intellicheck currently has an average rating of “Moderate Buy” and a consensus price target of $6.50.

Intellicheck Trading Up 6.8%

The company has a market capitalization of $48.04 million, a PE ratio of 15.80 and a beta of 0.76. The firm’s 50-day simple moving average is $2.36 and its 200-day simple moving average is $4.35.

Intellicheck (NASDAQ:IDN) last issued its earnings results on Thursday, August 13th. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. Intellicheck had a net margin of 13.03% and a return on equity of 15.02%. The business had revenue of $5.94 million for the quarter. As a group, analysts anticipate that Intellicheck, Inc. will post 0.10 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in shares of Intellicheck by 11.3% in the 1st quarter. Renaissance Technologies LLC now owns 485,835 shares of the company’s stock worth $3,396,000 after buying an additional 49,470 shares during the period. Sei Investments Co. increased its stake in shares of Intellicheck by 22.1% during the first quarter. Sei Investments Co. now owns 175,210 shares of the company’s stock valued at $1,225,000 after buying an additional 31,693 shares during the period. Wilkinson Global Asset Management LLC increased its stake in shares of Intellicheck by 3.1% during the third quarter. Wilkinson Global Asset Management LLC now owns 254,327 shares of the company’s stock valued at $584,000 after buying an additional 7,557 shares during the period. Squarepoint Ops LLC raised its holdings in shares of Intellicheck by 7.5% in the second quarter. Squarepoint Ops LLC now owns 120,977 shares of the company’s stock valued at $496,000 after acquiring an additional 8,453 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Intellicheck by 83.5% in the first quarter. Dimensional Fund Advisors LP now owns 55,419 shares of the company’s stock valued at $387,000 after acquiring an additional 25,213 shares in the last quarter. 42.79% of the stock is currently owned by hedge funds and other institutional investors.

About Intellicheck

Intellicheck, Inc. (NASDAQ: IDN) provides identity-validation and document-authentication technology. Its platform is designed to help organizations determine whether government-issued identification documents, including driver’s licenses and other identity cards, are genuine and whether the information presented is consistent with the document. The company’s solutions are delivered through mobile and digital channels and are used for applications such as customer onboarding, account opening, fraud prevention, age verification, lending, payments, retail transactions and access control.