StockNews.com Initiates Coverage on Intellicheck (NYSE:IDN)

Equities researchers at StockNews.com assumed coverage on shares of Intellicheck (NYSE:IDN) in a report issued on Saturday. The firm set a “sell” rating on the stock.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Intellicheck in a report on Friday, March 21st.

Intellicheck Price Performance

IDN opened at $2.88 on Friday. The business has a fifty day simple moving average of $2.61 and a 200 day simple moving average of $2.53. Intellicheck has a 1 year low of $1.92 and a 1 year high of $4.46. The company has a market capitalization of $56.91 million, a PE ratio of -96.00 and a beta of 1.90.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its holdings in shares of Intellicheck by 9.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 64,336 shares of the company’s stock worth $173,000 after acquiring an additional 5,760 shares during the last quarter. Northern Trust Corp boosted its position in Intellicheck by 20.7% in the fourth quarter. Northern Trust Corp now owns 33,925 shares of the company’s stock valued at $95,000 after buying an additional 5,827 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Intellicheck by 4.8% during the fourth 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. 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 worth $585,000 after buying an additional 9,500 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Intellicheck by 9.5% during the 4th quarter. Renaissance Technologies LLC now owns 114,000 shares of the company’s stock valued at $319,000 after acquiring an additional 9,900 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.