Intellicheck, Inc. $IDN Shares Sold by Topline Capital Management LLC

Key Points

• Topline Capital Management LLC has reduced its stake in Intellicheck, Inc. by 12.5%, selling 145,371 shares, and currently holds about 1,014,507 shares, making up 0.7% of its total holdings.
• Several other hedge funds, such as Virtu Financial LLC and XTX Topco Ltd, have also recently acquired stakes in Intellicheck, indicating increased interest from institutional investors.
• Intellicheck's stock has a current price of $5.32, with analysts giving it an average rating of "Buy" and a consensus price target of $6.17.

Topline Capital Management LLC lessened its holdings in Intellicheck, Inc. (NYSE:IDN - Free Report) by 12.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,014,507 shares of the company's stock after selling 145,371 shares during the quarter. Intellicheck accounts for about 0.7% of Topline Capital Management LLC's holdings, making the stock its 25th biggest position. Topline Capital Management LLC owned approximately 5.12% of Intellicheck worth $3,074,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in IDN. Geode Capital Management LLC boosted its holdings in Intellicheck by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 199,835 shares of the company's stock valued at $560,000 after purchasing an additional 9,166 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Intellicheck by 9.5% in the 4th quarter. Renaissance Technologies LLC now owns 114,000 shares of the company's stock valued at $319,000 after purchasing an additional 9,900 shares in the last quarter. Northern Trust Corp boosted its holdings in Intellicheck by 20.7% in the 4th quarter. Northern Trust Corp now owns 33,925 shares of the company's stock valued at $95,000 after purchasing an additional 5,827 shares in the last quarter. Captrust Financial Advisors purchased a new stake in Intellicheck in the 4th quarter valued at approximately $676,000. Finally, Wilkinson Global Asset Management LLC boosted its holdings in Intellicheck by 5.2% in the 1st quarter. Wilkinson Global Asset Management LLC now owns 216,116 shares of the company's stock valued at $655,000 after purchasing an additional 10,714 shares in the last quarter. Hedge funds and other institutional investors own 42.79% of the company's stock.

Intellicheck Stock Performance

Shares of IDN stock traded up $0.04 during trading hours on Monday, hitting $5.45. 122,293 shares of the company were exchanged, compared to its average volume of 209,507. Intellicheck, Inc. has a one year low of $1.92 and a one year high of $6.49. The business's 50-day simple moving average is $5.21 and its two-hundred day simple moving average is $3.94. The stock has a market capitalization of $109.20 million, a price-to-earnings ratio of -181.67 and a beta of 1.21.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IDN. Wall Street Zen raised Intellicheck from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. DA Davidson upped their price objective on Intellicheck from $5.50 to $6.50 and gave the stock a "buy" rating in a report on Wednesday, August 13th. HC Wainwright reiterated a "buy" rating and issued a $6.00 price target on shares of Intellicheck in a report on Wednesday, August 13th. Finally, Craig Hallum raised shares of Intellicheck from a "hold" rating to a "buy" rating and set a $6.00 price objective for the company in a research report on Wednesday, May 21st. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $6.17.

About Intellicheck

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.