Intellicheck, Inc. (NASDAQ:IDN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Intellicheck, Inc. (NASDAQ:IDN) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $6.50.

IDN has been the topic of several analyst reports. Northland Securities set a $6.00 price target on shares of Intellicheck in a research note on Friday, August 14th. Weiss Ratings upgraded Intellicheck from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 14th. DA Davidson decreased their target price on Intellicheck from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Wall Street Zen upgraded Intellicheck from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research lowered Intellicheck from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th.

Intellicheck Price Performance

Shares of NASDAQ:IDN opened at $2.27 on Monday. The firm’s 50 day moving average price is $2.94 and its 200-day moving average price is $4.59. Intellicheck has a twelve month low of $2.26 and a twelve month high of $9.08. The stock has a market capitalization of $46.01 million, a PE ratio of 15.13 and a beta of 0.79.

Intellicheck (NASDAQ:IDN) last announced its 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. Intellicheck had a net margin of 13.03% and a return on equity of 15.02%. The company had revenue of $5.94 million during the quarter. Analysts expect that Intellicheck will post 0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IDN. AIGH Capital Management LLC increased its holdings in Intellicheck by 25.0% in the 1st quarter. AIGH Capital Management LLC now owns 1,517,249 shares of the company’s stock worth $10,606,000 after acquiring an additional 303,815 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Intellicheck by 11.3% during the first quarter. Renaissance Technologies LLC now owns 485,835 shares of the company’s stock valued at $3,396,000 after purchasing an additional 49,470 shares in the last quarter. Sei Investments Co. boosted its position in shares of Intellicheck by 22.1% in the first quarter. Sei Investments Co. now owns 175,210 shares of the company’s stock worth $1,225,000 after purchasing an additional 31,693 shares during the period. Squarepoint Ops LLC boosted its position in shares of Intellicheck by 7.5% in 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 during the period. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Intellicheck in the fourth quarter worth $428,000. 42.79% of the stock is currently owned by institutional investors.

About Intellicheck

Intellicheck, Inc (NASDAQ: IDN) develops identity verification and fraud-prevention technology. Its platform is designed to authenticate government-issued identification documents, including driver’s licenses and identification cards, by analyzing the information encoded on the document and helping determine whether it is valid and consistent with the issuing authority’s standards.

The company’s solutions support applications such as customer onboarding, account opening, lending, payment and transaction security, age verification, retail transactions, and access control.