Zacks: Analysts Anticipate Intellicheck, Inc. (NASDAQ:IDN) Will Post Quarterly Sales of $3.31 Million

Equities research analysts forecast that Intellicheck, Inc. (NASDAQ:IDN – Get Rating) will post sales of $3.31 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Intellicheck’s earnings, with the lowest sales estimate coming in at $3.23 million and the highest estimate coming in at $3.38 million. Intellicheck reported sales of $2.86 million in the same quarter last year, which indicates a positive year-over-year growth rate of 15.7%. The business is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Intellicheck will report full year sales of $16.95 million for the current year, with estimates ranging from $16.40 million to $17.49 million. For the next financial year, analysts anticipate that the firm will post sales of $0.00. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Intellicheck.

Intellicheck (NASDAQ:IDN – Get Rating) last released its quarterly earnings data on Wednesday, March 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Intellicheck had a negative return on equity of 19.01% and a negative net margin of 25.29%. During the same period last year, the business earned $0.03 EPS.

Several analysts have recently commented on the company. Northland Securities decreased their target price on Intellicheck from $11.50 to $6.00 and set an “outperform” rating on the stock in a report on Thursday, March 10th. DA Davidson decreased their target price on Intellicheck from $14.00 to $8.50 in a report on Thursday, March 10th. Zacks Investment Research upgraded Intellicheck from a “sell” rating to a “hold” rating in a report on Wednesday, January 12th. Finally, HC Wainwright decreased their price target on Intellicheck from $15.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, March 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $7.50.

Shares of IDN stock traded down $0.09 during trading hours on Friday, hitting $2.50. 4,591 shares of the company’s stock were exchanged, compared to its average volume of 113,174. The stock’s 50-day moving average is $3.13 and its 200-day moving average is $5.26. The stock has a market cap of $46.92 million, a price-to-earnings ratio of -11.41 and a beta of 1.79. Intellicheck has a 52 week low of $2.16 and a 52 week high of $10.66.

A number of large investors have recently added to or reduced their stakes in the business. Wilkinson Global Asset Management LLC lifted its stake in Intellicheck by 6.4% in the fourth quarter. Wilkinson Global Asset Management LLC now owns 60,901 shares of the company’s stock valued at $281,000 after buying an additional 3,663 shares during the period. Marshall Wace LLP lifted its stake in Intellicheck by 11.1% in the fourth quarter. Marshall Wace LLP now owns 38,272 shares of the company’s stock valued at $176,000 after buying an additional 3,812 shares during the period. Ingalls & Snyder LLC lifted its stake in Intellicheck by 1.1% in the third quarter. Ingalls & Snyder LLC now owns 361,434 shares of the company’s stock valued at $2,960,000 after buying an additional 3,846 shares during the period. Geode Capital Management LLC lifted its stake in Intellicheck by 3.9% in the third quarter. Geode Capital Management LLC now owns 154,004 shares of the company’s stock valued at $1,261,000 after buying an additional 5,768 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Intellicheck by 27.4% during the fourth quarter. Wells Fargo & Company MN now owns 30,798 shares of the company’s stock worth $142,000 after purchasing an additional 6,621 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Intellicheck Company Profile (Get Rating)

Intellicheck, Inc engages in the development, integration, and marketing of threat and identity authentication solutions. It offers professional services, retail, age, defense, guest, and port ID. The company was founded in 1994 and is headquartered in Melville, NY.

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