HC Wainwright Increases Intellicheck (NYSE:IDN) Price Target to $6.00

Intellicheck (NYSE:IDN) had its price target boosted by research analysts at HC Wainwright from $4.00 to $6.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price objective would indicate a potential upside of 53.85% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. DA Davidson upgraded Intellicheck from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $3.00 to $5.50 in a research note on Tuesday. Wall Street Zen assumed coverage on Intellicheck in a report on Tuesday, April 22nd. They set a “hold” rating on the stock.

Intellicheck Stock Down 8.0%

Shares of NYSE:IDN opened at $3.90 on Wednesday. Intellicheck has a 52-week low of $1.92 and a 52-week high of $4.77. The stock has a market cap of $77.40 million, a price-to-earnings ratio of -130.00 and a beta of 0.86. The business has a 50-day moving average price of $2.73 and a 200-day moving average price of $2.68.

Institutional Trading of Intellicheck

Several hedge funds and other institutional investors have recently bought and sold shares of IDN. Topline Capital Management LLC acquired a new stake in Intellicheck during the fourth quarter worth about $3,248,000. Captrust Financial Advisors acquired a new stake in Intellicheck during the fourth quarter worth about $676,000. Cutter & CO Brokerage Inc. acquired a new stake in Intellicheck during the fourth quarter worth about $64,000. XTX Topco Ltd purchased a new position in Intellicheck during the first quarter worth approximately $63,000. Finally, Corient Private Wealth LLC purchased a new position in Intellicheck during the fourth quarter worth approximately $56,000. 42.79% of the stock is 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.