Intellicheck (NYSE:IDN) Now Covered by Analysts at StockNews.com

Posted by on Jun 15th, 2023

Equities researchers at StockNews.com started coverage on shares of Intellicheck (NYSE:IDN – Get Rating) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.

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

Intellicheck Stock Down 3.4 %

Shares of IDN opened at $2.52 on Thursday. Intellicheck has a twelve month low of $1.65 and a twelve month high of $3.37. The stock has a market cap of $48.43 million, a PE ratio of -12.60 and a beta of 1.61. The business’s 50-day moving average price is $2.40 and its 200-day moving average price is $2.37.

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

Hedge Funds Weigh In On Intellicheck

A number of institutional investors have recently made changes to their positions in IDN. Morgan Dempsey Capital Management LLC purchased a new position in Intellicheck in the first quarter worth $735,000. Herald Investment Management Ltd boosted its holdings in shares of Intellicheck by 7.6% in the 1st quarter. Herald Investment Management Ltd now owns 750,000 shares of the company’s stock worth $1,875,000 after purchasing an additional 53,275 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of Intellicheck in the 4th quarter worth about $104,000. Ancora Advisors LLC increased its position in shares of Intellicheck by 54.5% during the 4th quarter. Ancora Advisors LLC now owns 116,309 shares of the company’s stock valued at $232,000 after purchasing an additional 41,014 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Intellicheck by 226.7% during the 2nd quarter. Renaissance Technologies LLC now owns 55,200 shares of the company’s stock valued at $112,000 after buying an additional 38,303 shares in the last quarter. Institutional investors own 37.23% of the company’s stock.

Intellicheck Company Profile

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Intellicheck, Inc, a technology company, develops, integrates, and markets threat identification and identity authentication solutions for bank and retail fraud prevention, law enforcement threat identification, and mobile and handheld access control and security systems primarily in the United States.

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