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.

Shares of Intellicheck, Inc. (NYSE:IDN - Get Free Report) were down 1.4% during trading on Tuesday . The stock traded as low as $4.87 and last traded at $4.98. Approximately 117,067 shares were traded during trading, a decline of 45% from the average daily volume of 212,341 shares. The stock had previously closed at $5.05.

Wall Street Analysts Forecast Growth

IDN has been the topic of several recent research reports. DA Davidson upgraded Intellicheck from a "neutral" rating to a "buy" rating and raised their price target for the stock from $3.00 to $5.50 in a research report on Tuesday, May 20th. Wall Street Zen upgraded Intellicheck from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. HC Wainwright set a $6.00 price objective on shares of Intellicheck and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, Craig Hallum raised shares of Intellicheck from a "hold" rating to a "buy" rating and set a $6.00 price objective on the stock in a research report on Wednesday, May 21st.

Intellicheck Trading Down 2.0%

The firm has a fifty day moving average of $5.30 and a 200 day moving average of $3.65. The company has a market capitalization of $99.23 million, a P/E ratio of -166.67 and a beta of 1.21.

Insiders Place Their Bets

In other Intellicheck news, Director Gregory Braca sold 7,703 shares of the 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 transaction, the director owned 823 shares of the company's stock, 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. Corporate insiders own 6.88% of the company's stock.

Hedge Funds Weigh In On Intellicheck

Several institutional investors have recently made changes to their positions in IDN. Northern Trust Corp increased its holdings 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 buying an additional 5,827 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Intellicheck by 9.5% during the 4th quarter. Renaissance Technologies LLC now owns 114,000 shares of the company's stock worth $319,000 after acquiring an additional 9,900 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Intellicheck during the 4th quarter valued at $676,000. Geode Capital Management LLC increased its stake in shares of Intellicheck by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 199,835 shares of the company's stock worth $560,000 after purchasing an additional 9,166 shares in the last quarter. Finally, Wilkinson Global Asset Management LLC increased its stake in shares of Intellicheck by 5.2% in the 1st quarter. Wilkinson Global Asset Management LLC now owns 216,116 shares of the company's stock worth $655,000 after purchasing an additional 10,714 shares in the last quarter. Institutional investors own 42.79% of the company's stock.

About Intellicheck

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.