Craig Hallum upgraded shares of Intellicheck (NYSE:IDN - Free Report) from a hold rating to a buy rating in a report published on Wednesday morning, MarketBeat.com reports. The firm currently has $6.00 price objective on the stock.
Other equities analysts also recently issued research reports about the company. HC Wainwright set a $6.00 price target on Intellicheck and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Wall Street Zen began coverage on Intellicheck in a research report on Tuesday, April 22nd. They set a "hold" rating for the company. Finally, DA Davidson upgraded shares of Intellicheck from a "neutral" rating to a "buy" rating and upped their target price for the company from $3.00 to $5.50 in a report on Tuesday, May 20th.
Read Our Latest Research Report on Intellicheck
Intellicheck Stock Performance
NYSE:IDN traded up $0.69 during mid-day trading on Wednesday, hitting $4.59. 1,085,057 shares of the company's stock traded hands, compared to its average volume of 98,394. The firm's 50 day simple moving average is $2.77 and its 200 day simple moving average is $2.70. Intellicheck has a 1 year low of $1.92 and a 1 year high of $4.78. The company has a market cap of $91.09 million, a PE ratio of -153.00 and a beta of 0.86.
Insider Buying and Selling at Intellicheck
In other Intellicheck news, Director Gregory Braca sold 7,703 shares of Intellicheck 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 completion of the sale, the director now owns 823 shares in the company, valued at $3,563.59. The trade was a 90.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.88% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Intellicheck
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Intellicheck during the 1st quarter worth approximately $45,000. Corient Private Wealth LLC purchased a new stake in Intellicheck during the fourth quarter worth approximately $56,000. XTX Topco Ltd acquired a new stake in shares of Intellicheck in the first quarter worth $63,000. Cutter & CO Brokerage Inc. purchased a new position in shares of Intellicheck in the 4th quarter valued at $64,000. Finally, Northern Trust Corp lifted its holdings in shares of Intellicheck by 20.7% during the 4th quarter. Northern Trust Corp now owns 33,925 shares of the company's stock valued at $95,000 after acquiring an additional 5,827 shares in the last quarter. 42.79% of the stock is currently owned by institutional investors and hedge funds.
Intellicheck Company Profile
(
Get Free Report)
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.
See Also
Before you consider Intellicheck, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intellicheck wasn't on the list.
While Intellicheck currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
