Intellicheck (NYSE:IDN) Trading 2.5% Higher – Here’s What Happened

Shares of Intellicheck, Inc. (NYSE:IDN) shot up 2.5% during mid-day trading on Friday . The stock traded as high as $2.91 and last traded at $2.90. 137,241 shares changed hands during trading, a decline of 16% from the average session volume of 163,171 shares. The stock had previously closed at $2.83.

Analysts Set New Price Targets

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

Intellicheck Stock Up 2.5 %

The firm has a market capitalization of $57.31 million, a PE ratio of -96.67 and a beta of 1.81. The company’s 50-day simple moving average is $2.68 and its 200 day simple moving average is $2.63.

Institutional Investors Weigh In On Intellicheck

Institutional investors have recently bought and sold shares of the company. AIGH Capital Management LLC lifted its holdings in shares of Intellicheck by 16.8% during the 2nd quarter. AIGH Capital Management LLC now owns 1,767,732 shares of the company’s stock valued at $6,046,000 after purchasing an additional 253,706 shares during the last quarter. Hilltop Holdings Inc. purchased a new stake in Intellicheck in the third quarter valued at about $43,000. Dimensional Fund Advisors LP purchased a new stake in shares of Intellicheck during the second quarter worth about $47,000. Garden State Investment Advisory Services LLC increased its holdings in shares of Intellicheck by 3.7% during the third quarter. Garden State Investment Advisory Services LLC now owns 269,357 shares of the company’s stock valued at $585,000 after acquiring an additional 9,500 shares in the last quarter. Finally, Wilkinson Global Asset Management LLC raised its position in shares of Intellicheck by 4.8% in the 3rd quarter. Wilkinson Global Asset Management LLC now owns 191,577 shares of the company’s stock valued at $416,000 after purchasing an additional 8,772 shares during the last quarter. 42.79% of the stock is currently owned by institutional investors and hedge funds.

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.