Intellicheck (NYSE:IDN) Shares Down 4.7% – Here’s What Happened

Intellicheck, Inc. (NYSE:IDN) shares were down 4.7% on Monday . The stock traded as low as $4.65 and last traded at $4.65. Approximately 90,582 shares traded hands during trading, a decline of 37% from the average daily volume of 144,622 shares. The stock had previously closed at $4.88.

Wall Street Analyst Weigh In

Several equities analysts have commented on IDN shares. DA Davidson reiterated a “neutral” rating and issued a $7.50 price target on shares of Intellicheck in a research note on Monday, November 24th. HC Wainwright restated a “buy” rating and issued a $8.50 price objective (up previously from $6.00) on shares of Intellicheck in a research note on Tuesday, December 16th. Finally, Northland Securities upgraded Intellicheck from a “market perform” rating to an “outperform” rating and set a $7.00 target price on the stock in a research report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Intellicheck currently has an average rating of “Moderate Buy” and a consensus price target of $7.25.

Intellicheck Trading Down 4.7%

The company’s 50-day moving average price is $5.92 and its two-hundred day moving average price is $5.57. The company has a market cap of $93.95 million, a P/E ratio of -155.00 and a beta of 1.14.

Institutional Trading of Intellicheck

A number of hedge funds have recently modified their holdings of the business. OMERS ADMINISTRATION Corp acquired a new stake in shares of Intellicheck in the second quarter worth about $54,000. Occudo Quantitative Strategies LP bought a new position in shares of Intellicheck in the 2nd quarter valued at approximately $65,000. Jump Financial LLC acquired a new stake in Intellicheck in the 2nd quarter worth approximately $66,000. PFG Investments LLC bought a new stake in Intellicheck during the fourth quarter worth approximately $70,000. Finally, JPMorgan Chase & Co. grew its holdings in Intellicheck by 21,267.7% during the second quarter. JPMorgan Chase & Co. now owns 13,889 shares of the company’s stock valued at $75,000 after purchasing an additional 13,824 shares during the last quarter. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Intellicheck Company Profile

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.