Intellicheck’s (IDN) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright restated their buy rating on shares of Intellicheck (NYSE:IDN) in a report issued on Friday,Benzinga reports. HC Wainwright currently has a $4.00 price objective on the stock.

Separately, StockNews.com lowered shares of Intellicheck from a “hold” rating to a “sell” rating in a research report on Friday.

Intellicheck Stock Performance

NYSE:IDN opened at $2.72 on Friday. Intellicheck has a 52 week low of $1.92 and a 52 week high of $4.46. The firm has a market cap of $53.75 million, a price-to-earnings ratio of -90.67 and a beta of 1.90. The firm’s 50-day simple moving average is $2.61 and its 200 day simple moving average is $2.51.

Institutional Investors Weigh In On Intellicheck

Large investors have recently bought and sold shares of the company. Hilltop Holdings Inc. acquired a new stake in Intellicheck during the third quarter worth about $43,000. Corient Private Wealth LLC acquired a new stake in Intellicheck during the fourth quarter worth about $56,000. Cutter & CO Brokerage Inc. acquired a new stake in Intellicheck during the fourth quarter worth about $64,000. Northern Trust Corp grew its stake in Intellicheck by 20.7% during 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. Finally, CIBC Private Wealth Group LLC grew its stake in 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. 42.79% of the stock is currently owned by institutional investors and hedge funds.

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.