Intellicheck (NYSE:IDN) Research Coverage Started at StockNews.com

Research analysts at StockNews.com started coverage on shares of Intellicheck (NYSE:IDN) in a research note issued on Sunday. The firm set a “hold” rating on the stock.

Separately, HC Wainwright raised their price objective on shares of Intellicheck from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday, August 11th.

Intellicheck Price Performance

Shares of Intellicheck stock opened at $2.70 on Friday. The business has a 50-day moving average of $2.54 and a 200-day moving average of $2.44. The company has a market capitalization of $52.10 million, a PE ratio of -15.00 and a beta of 1.60. Intellicheck has a 1-year low of $1.85 and a 1-year high of $3.10.

Intellicheck (NYSE:IDN) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. Intellicheck had a negative net margin of 19.27% and a negative return on equity of 18.77%. The company had revenue of $4.72 million for the quarter, compared to analyst estimates of $4.37 million. On average, equities analysts expect that Intellicheck will post -0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intellicheck

A number of large investors have recently modified their holdings of IDN. Morgan Dempsey Capital Management LLC acquired a new stake in Intellicheck in the first quarter worth $735,000. Renaissance Technologies LLC acquired a new stake in shares of Intellicheck during the first quarter worth $43,000. Ancora Advisors LLC raised its holdings in shares of Intellicheck by 54.5% during the fourth quarter. Ancora Advisors LLC now owns 116,309 shares of the company’s stock worth $232,000 after acquiring an additional 41,014 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Intellicheck during the fourth quarter worth $25,000. Finally, Herald Investment Management Ltd grew its position in Intellicheck by 7.6% in the first quarter. Herald Investment Management Ltd now owns 750,000 shares of the company’s stock valued at $1,875,000 after purchasing an additional 53,275 shares in the last quarter. 36.22% of the stock is currently owned by institutional investors and hedge funds.

Intellicheck Company Profile

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.