StockNews.com Initiates Coverage on Intellicheck (NYSE:IDN)

StockNews.com started coverage on shares of Intellicheck (NYSE:IDN) in a research note issued to investors on Monday. The firm set a “sell” rating on the stock.

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

Intellicheck Stock Performance

NYSE IDN opened at $2.36 on Monday. The business’s 50-day moving average price is $2.56 and its 200 day moving average price is $2.57. Intellicheck has a twelve month low of $1.92 and a twelve month high of $4.46. The company has a market capitalization of $46.77 million, a PE ratio of -78.67 and a beta of 1.41.

Institutional Trading of Intellicheck

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Topline Capital Management LLC acquired a new position in shares of Intellicheck in the 4th quarter worth $3,248,000. Garden State Investment Advisory Services LLC increased its stake in Intellicheck by 3.7% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 269,357 shares of the company’s stock worth $585,000 after purchasing an additional 9,500 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Intellicheck during the 4th quarter worth about $676,000. Wilkinson Global Asset Management LLC lifted its stake in Intellicheck by 7.2% during the fourth quarter. Wilkinson Global Asset Management LLC now owns 205,402 shares of the company’s stock valued at $575,000 after buying an additional 13,825 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Intellicheck by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 199,835 shares of the company’s stock worth $560,000 after buying an additional 9,166 shares during the period. Institutional investors own 42.79% of the company’s stock.

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.