Intellicheck (NASDAQ:IDN) Stock Gets Downgrade from Wall Street Zen

Intellicheck (NASDAQ:IDN) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other research firms have also commented on IDN. DA Davidson dropped their price objective on shares of Intellicheck from $7.50 to $5.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Intellicheck in a research note on Thursday. Finally, Northland Securities set a $6.00 target price on shares of Intellicheck in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.50.

Intellicheck Trading Down 17.0%

Shares of NASDAQ IDN opened at $1.86 on Friday. Intellicheck has a twelve month low of $1.80 and a twelve month high of $9.08. The stock has a 50 day moving average of $2.33 and a two-hundred day moving average of $4.30. The stock has a market cap of $37.70 million, a P/E ratio of 14.00 and a beta of 0.76.

Intellicheck (NASDAQ:IDN) last released its quarterly earnings results on Thursday, November 12th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $5.74 million during the quarter. Intellicheck had a net margin of 13.94% and a return on equity of 15.40%. As a group, research analysts predict that Intellicheck will post 0.10 earnings per share for the current year.

Institutional Investors Weigh In On Intellicheck

Several large investors have recently modified their holdings of the stock. Diversify Advisory Services LLC purchased a new stake in shares of Intellicheck in the third quarter valued at about $34,000. NewEdge Advisors LLC raised its holdings in Intellicheck by 201.0% during the second quarter. NewEdge Advisors LLC now owns 70,625 shares of the company’s stock worth $290,000 after purchasing an additional 47,163 shares in the last quarter. Squarepoint Ops LLC raised its holdings in Intellicheck by 7.5% during the second quarter. Squarepoint Ops LLC now owns 120,977 shares of the company’s stock worth $496,000 after purchasing an additional 8,453 shares in the last quarter. Allworth Financial LP raised its holdings in 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 purchasing an additional 7,100 shares in the last quarter. Finally, AXQ Capital LP lifted its position in Intellicheck by 124.7% in the second quarter. AXQ Capital LP now owns 30,449 shares of the company’s stock valued at $125,000 after purchasing an additional 16,901 shares during the period. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Intellicheck Company Profile

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.