Intellicheck (NASDAQ:IDN) Cut to Hold at Wall Street Zen

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

Several other analysts have also recently weighed in on IDN. Zacks Research cut Intellicheck from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings upgraded Intellicheck from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Northland Securities set a $6.00 target price on shares of Intellicheck in a research note on Friday, August 14th. Finally, DA Davidson cut their price target on shares of Intellicheck from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.50.

Intellicheck Trading Up 1.7%

IDN stock opened at $2.44 on Friday. The firm has a market cap of $49.46 million, a PE ratio of 16.00 and a beta of 0.79. Intellicheck has a 1-year low of $2.12 and a 1-year high of $9.08. The stock has a 50-day moving average price of $2.52 and a 200-day moving average price of $4.21.

Intellicheck (NASDAQ:IDN) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $5.94 million during the quarter. Intellicheck had a return on equity of 15.02% and a net margin of 13.03%. On average, analysts forecast that Intellicheck will post 0.10 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of IDN. AIGH Capital Management LLC grew its holdings in Intellicheck by 25.0% during the 1st quarter. AIGH Capital Management LLC now owns 1,517,249 shares of the company’s stock valued at $10,606,000 after buying an additional 303,815 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Intellicheck by 11.3% during the 1st quarter. Renaissance Technologies LLC now owns 485,835 shares of the company’s stock valued at $3,396,000 after acquiring an additional 49,470 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Intellicheck by 22.1% during 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 grew its position in shares of 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 acquiring an additional 8,453 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in Intellicheck by 201.0% in the 2nd quarter. NewEdge Advisors LLC now owns 70,625 shares of the company’s stock valued at $290,000 after buying an additional 47,163 shares in the last quarter. 42.79% of the stock is currently owned by hedge funds and other institutional investors.

Intellicheck Company Profile

Intellicheck, Inc (NASDAQ: IDN) provides identity validation and fraud-prevention technology. Its platform is designed to authenticate government-issued identification documents, including driver’s licenses and other forms of identification, using mobile devices and application programming interfaces (APIs).

The company’s solutions support customer onboarding, know-your-customer and compliance processes, age verification, account opening, fraud detection, and identity authentication. Intellicheck serves organizations such as financial institutions, retailers, telecommunications companies, government agencies, and other businesses that need to verify identities remotely or at the point of service.

Intellicheck has developed its business around real-time document validation and identity verification, with services available through cloud-based and integrated technology solutions.