Intellicheck (NYSE:IDN) Rating Lowered to “Sell” at StockNews.com

Intellicheck (NYSE:IDN) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $4.00 price target on shares of Intellicheck in a research note on Thursday, November 14th.

Intellicheck Price Performance

Intellicheck stock traded down $0.01 during midday trading on Monday, hitting $2.53. 31,611 shares of the stock were exchanged, compared to its average volume of 58,915. Intellicheck has a 1 year low of $1.71 and a 1 year high of $4.46. The firm has a market cap of $50.00 million, a P/E ratio of -84.33 and a beta of 1.82. The company has a 50 day moving average price of $2.70 and a two-hundred day moving average price of $2.50.

Institutional Trading of Intellicheck

A number of hedge funds have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC grew its position in shares of 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 buying an additional 5,760 shares in the last quarter. Northern Trust Corp lifted its holdings in Intellicheck by 20.7% during the 4th quarter. Northern Trust Corp now owns 33,925 shares of the company’s stock worth $95,000 after buying an additional 5,827 shares during the last quarter. Wilkinson Global Asset Management LLC lifted its holdings in Intellicheck by 4.8% during the 3rd quarter. Wilkinson Global Asset Management LLC now owns 191,577 shares of the company’s stock worth $416,000 after buying an additional 8,772 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Intellicheck by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 199,835 shares of the company’s stock worth $560,000 after buying an additional 9,166 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC lifted its holdings in Intellicheck by 3.7% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 269,357 shares of the company’s stock worth $585,000 after buying an additional 9,500 shares during the last quarter. Institutional investors and hedge funds 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.