Intellicheck (NYSE:IDN) Given a $6.00 Price Target at HC Wainwright

HC Wainwright set a $6.00 target price on Intellicheck (NYSE:IDN - Free Report) in a research report report published on Wednesday morning, MarketBeat reports. The firm currently has a buy rating on the stock.

A number of other research firms have also commented on IDN. DA Davidson raised Intellicheck from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $3.00 to $5.50 in a report on Tuesday, May 20th. Wall Street Zen started coverage on Intellicheck in a report on Tuesday, April 22nd. They issued a "hold" rating for the company.

Intellicheck Stock Performance

Shares of NYSE:IDN traded up $0.69 during trading on Wednesday, reaching $4.59. 1,085,057 shares of the stock traded hands, compared to its average volume of 98,394. The stock has a market cap of $91.09 million, a P/E ratio of -153.00 and a beta of 0.86. The stock has a 50-day moving average of $2.77 and a two-hundred day moving average of $2.70. Intellicheck has a 52-week low of $1.92 and a 52-week high of $4.78.

Insider Activity at Intellicheck

In other Intellicheck news, Director Gregory Braca sold 7,703 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $4.33, for a total value of $33,353.99. Following the transaction, the director now owns 823 shares of the company's stock, valued at approximately $3,563.59. This represents a 90.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.88% of the stock is owned by insiders.

Hedge Funds Weigh In On Intellicheck

A number of institutional investors and hedge funds have recently made changes to their positions in IDN. Renaissance Technologies LLC increased its holdings in Intellicheck by 9.5% during the fourth quarter. Renaissance Technologies LLC now owns 114,000 shares of the company's stock valued at $319,000 after buying an additional 9,900 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Intellicheck by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 199,835 shares of the company's stock valued at $560,000 after acquiring an additional 9,166 shares during the period. Captrust Financial Advisors purchased a new stake in shares of Intellicheck in the 4th quarter worth $676,000. Wilkinson Global Asset Management LLC increased its stake in shares of Intellicheck by 7.2% in the 4th quarter. Wilkinson Global Asset Management LLC now owns 205,402 shares of the company's stock worth $575,000 after purchasing an additional 13,825 shares in the last quarter. Finally, Corient Private Wealth LLC bought a new position in Intellicheck in the 4th quarter worth $56,000. Hedge funds and other institutional investors 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.