Intellicheck (NYSE:IDN - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.
A number of other equities analysts also recently commented on the company. DA Davidson upgraded Intellicheck from a "neutral" rating to a "buy" rating and increased their price objective for the stock 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 raised Intellicheck from a "hold" rating to a "buy" rating and set a $6.00 target price for the company in a research report on Wednesday, May 21st.
Check Out Our Latest Stock Analysis on IDN
Intellicheck Price Performance
IDN stock traded up $0.18 on Friday, reaching $5.43. The company's stock had a trading volume of 259,978 shares, compared to its average volume of 126,664. The company has a market capitalization of $107.76 million, a P/E ratio of -181.00 and a beta of 1.19. Intellicheck has a 52 week low of $1.92 and a 52 week high of $6.49. The firm has a fifty day moving average of $3.58 and a two-hundred day moving average of $2.99.
Insider Activity
In related news, Director Gregory Braca sold 7,703 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 823 shares in the company, valued at approximately $3,563.59. This trade represents a 90.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.88% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Intellicheck
Institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in shares of Intellicheck during the first quarter worth approximately $45,000. Corient Private Wealth LLC bought a new stake in Intellicheck during the fourth quarter worth about $56,000. XTX Topco Ltd acquired a new position in shares of Intellicheck in the 1st quarter valued at approximately $63,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of Intellicheck during the 4th quarter worth approximately $64,000. Finally, Northern Trust Corp raised its position in Intellicheck by 20.7% during the fourth 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. Institutional investors own 42.79% of the company's stock.
About Intellicheck
(
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.
Further Reading
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
