StockNews.com Downgrades Intellicheck (NYSE:IDN) to Sell

Intellicheck (NYSE:IDN) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Intellicheck Stock Up 6.7 %

NYSE:IDN opened at $2.72 on Friday. The company has a fifty day moving average of $2.61 and a 200 day moving average of $2.51. Intellicheck has a 52 week low of $1.92 and a 52 week high of $4.46. The firm has a market capitalization of $53.75 million, a P/E ratio of -90.67 and a beta of 1.90.

Institutional Investors Weigh In On Intellicheck

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IDN. Hilltop Holdings Inc. purchased a new stake in shares of Intellicheck in the 3rd quarter worth about $43,000. Corient Private Wealth LLC purchased a new stake in shares of Intellicheck in the 4th quarter worth about $56,000. Cutter & CO Brokerage Inc. purchased a new stake in shares of Intellicheck in the 4th quarter worth about $64,000. Northern Trust Corp lifted its position in shares of Intellicheck by 20.7% in the 4th quarter. Northern Trust Corp now owns 33,925 shares of the company’s stock worth $95,000 after purchasing an additional 5,827 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Intellicheck by 9.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 64,336 shares of the company’s stock worth $173,000 after purchasing an additional 5,760 shares during the period. 42.79% of the stock is currently owned by institutional investors.

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.