Intellicheck (NYSE:IDN) Raised to “Buy” at Craig Hallum

Intellicheck (NYSE:IDN) was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating in a research report issued on Wednesday, MarketBeat Ratings reports. The firm presently has a $6.00 price target on the stock. Craig Hallum’s price target would indicate a potential upside of 53.85% from the company’s current price.

Several other research analysts have also recently weighed in on the company. DA Davidson upgraded Intellicheck from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $3.00 to $5.50 in a research report on Tuesday. HC Wainwright increased their target price on Intellicheck from $4.00 to $6.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wall Street Zen started coverage on Intellicheck in a report on Tuesday, April 22nd. They set a “hold” rating on the stock.

Intellicheck Trading Down 8.0%

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

Institutional Trading of Intellicheck

Several hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Intellicheck in the 1st quarter worth about $45,000. Corient Private Wealth LLC bought a new position in Intellicheck in the 4th quarter worth about $56,000. XTX Topco Ltd bought a new position in Intellicheck in the 1st quarter worth about $63,000. Cutter & CO Brokerage Inc. bought a new position in Intellicheck in the 4th quarter worth about $64,000. Finally, Northern Trust Corp increased its stake in Intellicheck by 20.7% in the 4th quarter. Northern Trust Corp now owns 33,925 shares of the company’s stock worth $95,000 after acquiring an additional 5,827 shares during the last quarter. 42.79% of the stock is currently owned by institutional investors.

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.