Intellicheck, Inc. (IDN) – What Are Analysts Thinking About This Stock?

Intellicheck, Inc. (NASDAQ:IDN) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $6.50.

A number of analysts have recently issued reports on IDN shares. Wall Street Zen cut Intellicheck from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Northland Securities set a $6.00 price target on shares of Intellicheck in a research note on Friday, August 14th. DA Davidson lowered their price target on shares of Intellicheck from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Zacks Research cut Intellicheck from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Finally, Weiss Ratings raised shares of Intellicheck from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 14th.

Intellicheck Stock Performance

NASDAQ IDN opened at $2.32 on Friday. Intellicheck has a twelve month low of $2.12 and a twelve month high of $9.08. The stock has a market cap of $47.03 million, a PE ratio of 16.40 and a beta of 0.79. The firm has a 50-day simple moving average of $2.48 and a 200 day simple moving average of $4.52.

Intellicheck (NASDAQ:IDN) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The firm had revenue of $5.94 million for the quarter. Intellicheck had a return on equity of 15.02% and a net margin of 13.03%. Research analysts forecast that Intellicheck will post 0.10 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intellicheck

A number of large investors have recently modified their holdings of the stock. Navellier & Associates Inc. boosted its position in Intellicheck by 17.3% in the 2nd quarter. Navellier & Associates Inc. now owns 29,874 shares of the company’s stock valued at $122,000 after buying an additional 4,404 shares during the last quarter. Allworth Financial LP raised its position in shares of Intellicheck by 525.9% during the second quarter. Allworth Financial LP now owns 8,450 shares of the company’s stock worth $35,000 after acquiring an additional 7,100 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of Intellicheck by 7.5% during 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 during the period. NewEdge Advisors LLC boosted its holdings in Intellicheck by 149.7% in the first quarter. NewEdge Advisors LLC now owns 23,462 shares of the company’s stock valued at $164,000 after acquiring an additional 14,066 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in Intellicheck during the 3rd quarter worth about $34,000. 42.79% of the stock is currently owned by institutional investors and hedge funds.

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.