Intellicheck (NYSE:IDN) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Intellicheck (NYSE:IDN) in a report issued on Sunday. The brokerage issued a sell rating on the stock.

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

Intellicheck Stock Down 7.2 %

Shares of NYSE:IDN opened at $2.44 on Friday. The company has a 50 day moving average of $2.61 and a two-hundred day moving average of $2.56. Intellicheck has a 52-week low of $1.92 and a 52-week high of $4.46. The company has a market capitalization of $48.35 million, a price-to-earnings ratio of -81.33 and a beta of 1.41.

Hedge Funds Weigh In On Intellicheck

Institutional investors have recently made changes to their positions in the business. Topline Capital Management LLC bought a new stake in shares of Intellicheck in the fourth quarter worth $3,248,000. Captrust Financial Advisors acquired a new position in Intellicheck during the 4th quarter worth $676,000. Cutter & CO Brokerage Inc. bought a new stake in shares of Intellicheck in the 4th quarter worth about $64,000. Corient Private Wealth LLC bought a new position in shares of Intellicheck during the fourth quarter worth about $56,000. Finally, Hilltop Holdings Inc. bought a new position in shares of Intellicheck during the third quarter worth about $43,000. 42.79% of the stock is 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.