Intellicheck (NYSE:IDN) Receives Buy Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Intellicheck (NYSE:IDN) in a report issued on Thursday,Benzinga reports. The firm currently has a $4.00 price objective on the stock. HC Wainwright also issued estimates for Intellicheck’s Q4 2024 earnings at ($0.01) EPS.

A number of other research firms also recently commented on IDN. StockNews.com downgraded Intellicheck from a “buy” rating to a “hold” rating in a report on Monday, August 12th. DA Davidson downgraded shares of Intellicheck from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $5.00 to $2.00 in a report on Friday, August 9th.

Intellicheck Stock Down 0.8 %

Shares of IDN traded down $0.02 during trading hours on Thursday, reaching $2.38. 47,509 shares of the company traded hands, compared to its average volume of 191,211. The stock has a market capitalization of $46.48 million, a P/E ratio of -78.67 and a beta of 1.95. The business has a fifty day moving average price of $2.24 and a 200-day moving average price of $2.75. Intellicheck has a 12-month low of $1.62 and a 12-month high of $4.46.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wilkinson Global Asset Management LLC boosted its position in Intellicheck by 4.9% during the second quarter. Wilkinson Global Asset Management LLC now owns 182,805 shares of the company’s stock worth $625,000 after purchasing an additional 8,621 shares in the last quarter. Garden State Investment Advisory Services LLC grew its stake in Intellicheck by 3.7% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 269,357 shares of the company’s stock valued at $585,000 after acquiring an additional 9,500 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in Intellicheck in the 1st quarter worth $43,000. Dimensional Fund Advisors LP acquired a new position in Intellicheck during the second quarter worth $47,000. Finally, Hilltop Holdings Inc. purchased a new position in Intellicheck during the third quarter valued at $43,000. Institutional investors and hedge funds own 42.79% of the company’s stock.

Intellicheck Company Profile

Intellicheck, Inc, a technology company, provides on-demand digital identity validation solutions for KYC, fraud, and age verification needs in North America. The company offers solutions for digital and physical identities for financial services, fintech companies, BNPL providers, e-commerce and retail commerce businesses, law enforcement, and government agencies.