Intellicheck (NYSE:IDN) Stock Price Down 1.4% - What's Next?

Key Points

• Intellicheck's stock price decreased by 1.4% to $4.98, with a trading volume significantly lower than average at 117,067 shares.
• Multiple brokerages have upgraded Intellicheck's rating from "hold" to "buy," with price targets set between $5.50 and $6.00.
• Insider trading activity revealed that Director Gregory Braca sold 7,703 shares, resulting in a 90.35% decrease in their ownership of the company's stock.

Intellicheck, Inc. (NYSE:IDN - Get Free Report)'s share price traded down 1.4% during trading on Tuesday . The stock traded as low as $4.87 and last traded at $4.98. 117,067 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 212,341 shares. The stock had previously closed at $5.05.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. DA Davidson raised Intellicheck from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $3.00 to $5.50 in a report on Tuesday, May 20th. Craig Hallum raised Intellicheck from a "hold" rating to a "buy" rating and set a $6.00 price target on the stock in a report on Wednesday, May 21st. Wall Street Zen raised Intellicheck from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. Finally, HC Wainwright set a $6.00 price target on Intellicheck and gave the company a "buy" rating in a report on Wednesday, May 21st.

Intellicheck Price Performance

The company has a market cap of $97.04 million, a PE ratio of -163.00 and a beta of 1.21. The business has a 50-day moving average of $5.30 and a 200 day moving average of $3.67.

Insider Buying and Selling

In related news, Director Gregory Braca sold 7,703 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $4.33, for a total transaction of $33,353.99. Following the completion of the sale, the director owned 823 shares in the company, 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. Company insiders own 6.88% of the company's stock.

Institutional Trading of Intellicheck

Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in Intellicheck during the first quarter valued at $45,000. XTX Topco Ltd purchased a new stake in Intellicheck during the first quarter valued at $63,000. Northern Trust Corp increased its position in Intellicheck by 20.7% in the fourth quarter. Northern Trust Corp now owns 33,925 shares of the company's stock worth $95,000 after buying an additional 5,827 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in Intellicheck in the second quarter worth about $120,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Intellicheck in the second quarter worth about $233,000. 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.