Intellicheck (NYSE:IDN) Shares Down 5.5% – What’s Next?

Intellicheck, Inc. (NYSE:IDN)’s stock price fell 5.5% on Friday . The stock traded as low as $5.57 and last traded at $5.68. 205,431 shares were traded during trading, an increase of 72% from the average session volume of 119,272 shares. The stock had previously closed at $6.01.

Wall Street Analyst Weigh In

IDN has been the subject of several analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $8.50 price target (up previously from $6.00) on shares of Intellicheck in a research note on Tuesday, December 16th. Northland Securities raised Intellicheck from a “market perform” rating to an “outperform” rating and set a $7.00 target price for the company in a research report on Thursday, November 13th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $7.50 target price on shares of Intellicheck in a report on Monday, November 24th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.25.

Intellicheck Price Performance

The company’s 50-day moving average price is $6.37 and its two-hundred day moving average price is $5.59. The company has a market capitalization of $114.76 million, a price-to-earnings ratio of -189.33 and a beta of 1.13.

Institutional Trading of Intellicheck

Large investors have recently modified their holdings of the stock. Truist Financial Corp lifted its position in shares of Intellicheck by 28.1% during the 2nd quarter. Truist Financial Corp now owns 58,105 shares of the company’s stock valued at $313,000 after acquiring an additional 12,737 shares during the period. Prospera Financial Services Inc bought a new stake in Intellicheck in the second quarter valued at $120,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Intellicheck during the second quarter valued at about $233,000. ARS Investment Partners LLC acquired a new position in shares of Intellicheck during the second quarter valued at about $408,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Intellicheck by 21,267.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,889 shares of the company’s stock worth $75,000 after purchasing an additional 13,824 shares in the last quarter. Institutional investors and hedge funds own 42.79% of the company’s stock.

About Intellicheck

Intellicheck, Inc (NYSE: IDN) is a U.S.-based technology company specializing in identity verification and risk mitigation solutions. The company develops software that leverages machine learning, computer vision and proprietary analytics to authenticate a wide range of identity documents in real time and detect fraudulent or counterfeit credentials. Intellicheck’s platform integrates with point-of-sale systems, kiosks and mobile devices, enabling seamless deployment across multiple channels.

Focused on retail, financial services, hospitality, gaming and government sectors, Intellicheck’s solutions help clients comply with regulatory requirements, reduce fraud losses and streamline customer interactions.