Clear Harbor Asset Management LLC Reduces Stock Holdings in Intellicheck, Inc. $IDN

Key Points

• Clear Harbor Asset Management LLC has reduced its stake in Intellicheck, Inc. by 40.8%, owning approximately 2.63% of the company after selling over 359,000 shares in the second quarter.
• Several institutional investors, including Northern Trust Corp and Wilkinson Global Asset Management LLC, have increased their holdings, reflecting a collective ownership of 42.79% in Intellicheck.
• Wall Street analysts have a consensus rating of "Buy" for Intellicheck with a price target averaging $6.17, amid a recent downgrade in trading performance.

Clear Harbor Asset Management LLC decreased its stake in Intellicheck, Inc. (NYSE:IDN - Free Report) by 40.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 521,229 shares of the company's stock after selling 359,061 shares during the quarter. Clear Harbor Asset Management LLC owned about 2.63% of Intellicheck worth $2,809,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Northern Trust Corp boosted its holdings in shares of Intellicheck by 20.7% in the 4th quarter. Northern Trust Corp now owns 33,925 shares of the company's stock worth $95,000 after purchasing an additional 5,827 shares during the period. Wilkinson Global Asset Management LLC boosted 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 during the period. Virtu Financial LLC purchased a new position in shares of Intellicheck in the 1st quarter worth approximately $45,000. Finally, XTX Topco Ltd purchased a new position in shares of Intellicheck in the 1st quarter worth approximately $63,000. Hedge funds and other institutional investors own 42.79% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IDN. HC Wainwright reiterated a "buy" rating and issued a $6.00 target price on shares of Intellicheck in a report on Wednesday, August 13th. Wall Street Zen upgraded Intellicheck from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. Finally, DA Davidson boosted their price objective on Intellicheck from $5.50 to $6.50 and gave the company a "buy" rating in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $6.17.

Intellicheck Trading Down 1.1%

IDN opened at $5.41 on Monday. The firm has a market cap of $108.40 million, a price-to-earnings ratio of -180.33 and a beta of 1.33. Intellicheck, Inc. has a 12 month low of $1.92 and a 12 month high of $6.49. The stock has a fifty day moving average price of $5.24 and a 200-day moving average price of $4.24.

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.

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