AIGH Capital Management LLC Has $831,000 Stake in Intellicheck, Inc. $IDN

Key Points

• AIGH Capital Management LLC reduced its stake in Intellicheck, Inc. by 90.3%, ending up with 154,174 shares worth approximately $831,000.
• Several analysts have a positive outlook on Intellicheck, with DA Davidson and HC Wainwright setting their price targets at $6.50 and $6.00, respectively, leading to a consensus rating of "Buy".
• Intellicheck's stock is currently trading at $4.58, with a fifty-two week range of $2.12 to $6.49.

AIGH Capital Management LLC cut its position in shares of Intellicheck, Inc. (NYSE:IDN - Free Report) by 90.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,174 shares of the company's stock after selling 1,443,364 shares during the quarter. Intellicheck comprises about 0.4% of AIGH Capital Management LLC's holdings, making the stock its 29th largest position. AIGH Capital Management LLC owned 0.78% of Intellicheck worth $831,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IDN. Wilkinson Global Asset Management LLC lifted its holdings in shares of Intellicheck by 5.2% in the 1st quarter. Wilkinson Global Asset Management LLC now owns 216,116 shares of the company's stock worth $655,000 after purchasing an additional 10,714 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Intellicheck during the first quarter valued at approximately $63,000. Virtu Financial LLC bought a new stake in shares of Intellicheck during the 1st quarter worth $45,000. Finally, Truist Financial Corp boosted its stake in Intellicheck by 28.1% in the second quarter. Truist Financial Corp now owns 58,105 shares of the company's stock valued at $313,000 after acquiring an additional 12,737 shares during the last quarter. Institutional investors and hedge funds own 42.79% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on IDN shares. DA Davidson raised their price objective on shares of Intellicheck from $5.50 to $6.50 and gave the stock a "buy" rating in a report on Wednesday, August 13th. HC Wainwright reissued a "buy" rating and set a $6.00 price objective on shares of Intellicheck in a report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $6.17.

Intellicheck Stock Performance

NYSE:IDN opened at $4.58 on Monday. Intellicheck, Inc. has a fifty-two week low of $2.12 and a fifty-two week high of $6.49. The firm has a market cap of $91.77 million, a PE ratio of -152.67 and a beta of 1.35. The business has a 50 day moving average price of $5.23 and a 200-day moving average price of $4.59.

Intellicheck 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.

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