Intellicheck (NYSE:IDN) Raised to "Buy" at Craig Hallum

Intellicheck (NYSE:IDN - Get Free Report) was upgraded by investment analysts at Craig Hallum from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a $6.00 target price on the stock. Craig Hallum's price target indicates a potential upside of 30.41% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. DA Davidson raised shares of Intellicheck from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $3.00 to $5.50 in a research report on Tuesday. StockNews.com started coverage on Intellicheck in a research note on Tuesday, April 22nd. They issued a "hold" rating on the stock. Finally, HC Wainwright upped their price objective on Intellicheck from $4.00 to $6.00 and gave the stock a "buy" rating in a research report on Wednesday.

Intellicheck Price Performance

Shares of Intellicheck stock traded up $0.64 on Wednesday, hitting $4.60. The company had a trading volume of 1,037,477 shares, compared to its average volume of 87,311. The stock has a 50-day moving average of $2.66 and a 200-day moving average of $2.66. Intellicheck has a twelve month low of $1.92 and a twelve month high of $4.77. The firm has a market capitalization of $91.31 million, a P/E ratio of -153.50 and a beta of 0.86.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in Intellicheck during the 1st quarter worth about $45,000. Corient Private Wealth LLC bought a new position in shares of Intellicheck in the 4th quarter valued at about $56,000. XTX Topco Ltd acquired a new stake in shares of Intellicheck in the first quarter valued at about $63,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of Intellicheck in the fourth quarter valued at about $64,000. Finally, Northern Trust Corp raised its holdings in Intellicheck by 20.7% during the fourth quarter. Northern Trust Corp now owns 33,925 shares of the company's stock worth $95,000 after acquiring an additional 5,827 shares in the last quarter. 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.

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