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

StockNews.com initiated coverage on shares of Intellicheck (NYSE:IDN) in a research report issued on Monday. The brokerage set a “sell” rating on the stock.

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

Intellicheck Price Performance

NYSE IDN opened at $2.36 on Monday. The stock has a market capitalization of $46.77 million, a PE ratio of -78.67 and a beta of 1.41. Intellicheck has a 12-month low of $1.92 and a 12-month high of $4.46. The company has a 50 day moving average price of $2.56 and a two-hundred day moving average price of $2.57.

Institutional Trading of Intellicheck

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC bought a new position in Intellicheck in the 4th quarter worth approximately $56,000. Cutter & CO Brokerage Inc. bought a new stake in Intellicheck during the 4th quarter worth about $64,000. Northern Trust Corp lifted its position in Intellicheck by 20.7% during the 4th quarter. Northern Trust Corp now owns 33,925 shares of the company’s stock valued at $95,000 after purchasing an additional 5,827 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Intellicheck by 9.8% during the 4th 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 during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Intellicheck by 9.5% during the fourth quarter. Renaissance Technologies LLC now owns 114,000 shares of the company’s stock worth $319,000 after buying an additional 9,900 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.