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

Investment analysts at StockNews.com began coverage on shares of Intellicheck (NYSE:IDN – Get Rating) in a research report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Separately, HC Wainwright reiterated a “buy” rating and issued a $4.00 price target on shares of Intellicheck in a report on Wednesday, March 22nd.

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Intellicheck Trading Up 2.9 %

Shares of Intellicheck stock opened at $2.84 on Wednesday. The company has a fifty day simple moving average of $2.35 and a 200-day simple moving average of $2.36. Intellicheck has a 12-month low of $1.56 and a 12-month high of $3.37. The stock has a market cap of $54.57 million, a price-to-earnings ratio of -14.20 and a beta of 1.61.

Intellicheck (NYSE:IDN – Get Rating) last released its quarterly earnings results on Tuesday, March 21st. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). Intellicheck had a negative net margin of 21.99% and a negative return on equity of 20.26%. The firm had revenue of $4.55 million during the quarter, compared to the consensus estimate of $4.33 million. On average, analysts forecast that Intellicheck will post -0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intellicheck

Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its stake in Intellicheck by 10.2% in the 1st quarter. Renaissance Technologies LLC now owns 59,200 shares of the company’s stock valued at $148,000 after acquiring an additional 5,500 shares during the last quarter. Wilkinson Global Asset Management LLC grew its stake in Intellicheck by 12.7% in the 4th quarter. Wilkinson Global Asset Management LLC now owns 105,916 shares of the company’s stock valued at $212,000 after acquiring an additional 11,905 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Intellicheck in the 4th quarter valued at about $25,000. Squarepoint Ops LLC acquired a new stake in Intellicheck in the 1st quarter valued at about $32,000. Finally, Prudential Financial Inc. acquired a new stake in Intellicheck in the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 37.23% of the company’s stock.

Intellicheck Company Profile

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Intellicheck, Inc engages in the development, integration, and marketing of threat and identity authentication solutions. It offers professional services, retail, age, defense, guest, and port ID. The company was founded in 1994 and is headquartered in Melville, NY.

Further Reading

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