Intellicheck (NYSE:IDN) Trading Up 1.9% - What's Next?

Key Points

• Intellicheck shares rose 1.9% to a last trading price of $4.89, with a total trading volume of 85,287 shares, significantly lower than the average volume of 198,213 shares.
• Brokerages have shown optimism with DA Davidson and HC Wainwright issuing "buy" ratings and raising price targets, indicating a strong average price target of $6.17.
• Institutional investment in Intellicheck has increased, with notable purchases from companies like JPMorgan Chase & Co., which raised its stake substantially by over 21,000% in the second quarter.

Intellicheck, Inc. (NYSE:IDN - Get Free Report) shares traded up 1.9% during trading on Monday . The company traded as high as $4.95 and last traded at $4.89. 85,287 shares were traded during trading, a decline of 57% from the average session volume of 198,213 shares. The stock had previously closed at $4.80.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IDN. DA Davidson increased their price objective on Intellicheck from $5.50 to $6.50 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded Intellicheck from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. Finally, HC Wainwright reiterated a "buy" rating and issued a $6.00 price objective on shares of Intellicheck in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $6.17.

Intellicheck Stock Up 1.9%

The firm's 50-day moving average is $5.26 and its 200-day moving average is $4.54. The company has a market capitalization of $97.98 million, a PE ratio of -163.00 and a beta of 1.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp purchased a new position in Intellicheck in the second quarter worth $54,000. Occudo Quantitative Strategies LP purchased a new position in Intellicheck in the second quarter worth $65,000. Jump Financial LLC bought a new stake in Intellicheck in the second quarter worth $66,000. JPMorgan Chase & Co. lifted its stake in Intellicheck by 21,267.7% in the second quarter. JPMorgan Chase & Co. now owns 13,889 shares of the company's stock worth $75,000 after purchasing an additional 13,824 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in Intellicheck in the second quarter worth $79,000. 42.79% of the stock is currently owned by hedge funds and other institutional investors.

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.

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