Intellicheck (NYSE:IDN) Raised to Buy at Wall Street Zen

Intellicheck (NYSE:IDN - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

A number of other research analysts have also recently issued reports on the stock. DA Davidson upgraded 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 report on Tuesday, May 20th. HC Wainwright set a $6.00 price target on shares of Intellicheck and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Craig Hallum upgraded 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.

Intellicheck Trading Down 4.4%

Shares of IDN traded down $0.24 on Friday, reaching $5.23. 240,297 shares of the company's stock were exchanged, compared to its average volume of 128,073. The business has a 50 day moving average price of $3.65 and a two-hundred day moving average price of $3.02. Intellicheck has a 12 month low of $1.92 and a 12 month high of $6.49. The stock has a market capitalization of $103.79 million, a P/E ratio of -174.33 and a beta of 1.20.

Insider Activity

In related news, Director Gregory Braca sold 7,703 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $4.33, for a total value of $33,353.99. Following the completion of the transaction, the director now owns 823 shares of the company's stock, valued at approximately $3,563.59. This trade represents a 90.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.88% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intellicheck

Several hedge funds have recently modified their holdings of the stock. Wilkinson Global Asset Management LLC grew its stake in Intellicheck by 7.2% in the fourth quarter. Wilkinson Global Asset Management LLC now owns 205,402 shares of the company's stock valued at $575,000 after purchasing an additional 13,825 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new position in shares of Intellicheck in the fourth quarter valued at $64,000. Corient Private Wealth LLC acquired a new position in Intellicheck during the fourth quarter worth $56,000. CIBC Private Wealth Group LLC raised its position in Intellicheck by 9.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 64,336 shares of the company's stock worth $173,000 after acquiring an additional 5,760 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Intellicheck by 4.8% in the fourth 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 last quarter. 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.