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

Posted by on Jun 23rd, 2023

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

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

Intellicheck Trading Up 4.3 %

Shares of Intellicheck stock opened at $2.68 on Friday. Intellicheck has a twelve month low of $1.72 and a twelve month high of $3.37. The stock has a market capitalization of $51.50 million, a P/E ratio of -13.40 and a beta of 1.61. The business’s fifty day moving average price is $2.44 and its 200 day moving average price is $2.37.

Intellicheck (NYSE:IDN – Get Rating) last announced its earnings results on Tuesday, May 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The business had revenue of $4.25 million for the quarter, compared to analysts’ expectations of $3.80 million. Intellicheck had a negative return on equity of 20.26% and a negative net margin of 21.99%. As a group, sell-side analysts predict that Intellicheck will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IDN. B. Riley Wealth Advisors Inc. bought a new position in Intellicheck in the fourth quarter valued at approximately $25,000. Squarepoint Ops LLC bought a new stake in shares of Intellicheck during the 1st quarter worth about $32,000. Prudential Financial Inc. acquired a new stake in Intellicheck in the 1st quarter worth about $34,000. Renaissance Technologies LLC acquired a new stake in Intellicheck in the 1st quarter worth about $43,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of Intellicheck during the 4th quarter worth approximately $104,000. Institutional investors and hedge funds own 37.80% of the company’s stock.

About Intellicheck

(Get Rating)

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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