FY2024 EPS Estimates for Intellicheck Cut by DA Davidson

Intellicheck, Inc. (NYSE:IDN) – DA Davidson dropped their FY2024 earnings estimates for shares of Intellicheck in a report released on Thursday, November 14th. DA Davidson analyst R. Kessinger now anticipates that the company will post earnings of ($0.02) per share for the year, down from their previous estimate of ($0.01). DA Davidson has a “Neutral” rating and a $2.00 price objective on the stock. The consensus estimate for Intellicheck’s current full-year earnings is ($0.07) per share. DA Davidson also issued estimates for Intellicheck’s FY2025 earnings at ($0.02) EPS.

IDN has been the subject of a number of other research reports. StockNews.com downgraded shares of Intellicheck from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. HC Wainwright reaffirmed a “buy” rating and set a $4.00 price target on shares of Intellicheck in a research report on Thursday, November 14th.

Intellicheck Stock Up 0.8 %

Shares of NYSE:IDN opened at $2.41 on Monday. The business has a fifty day simple moving average of $2.25 and a 200-day simple moving average of $2.74. Intellicheck has a 52 week low of $1.65 and a 52 week high of $4.46. The company has a market cap of $47.07 million, a P/E ratio of -79.67 and a beta of 1.95.

Institutional Investors Weigh In On Intellicheck

Several institutional investors and hedge funds have recently added to or reduced their stakes in IDN. AIGH Capital Management LLC lifted its stake in shares of Intellicheck by 16.8% in 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 in the last quarter. Hilltop Holdings Inc. purchased a new position in Intellicheck in the third quarter valued at approximately $43,000. Dimensional Fund Advisors LP acquired a new position in Intellicheck during the second quarter valued at approximately $47,000. B. Riley Wealth Advisors Inc. purchased a new stake in Intellicheck during the first quarter worth approximately $43,000. Finally, Garden State Investment Advisory Services LLC increased its position in shares of Intellicheck by 3.7% in the third quarter. Garden State Investment Advisory Services LLC now owns 269,357 shares of the company’s stock worth $585,000 after acquiring an additional 9,500 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.