Intellicheck (NYSE:IDN) Receives “Buy” Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Intellicheck (NYSE:IDN) in a research note published on Thursday,Benzinga reports. They currently have a $4.00 price target on the stock. HC Wainwright also issued estimates for Intellicheck’s Q4 2024 earnings at ($0.01) EPS.

A number of other research analysts have also recently commented on IDN. StockNews.com cut shares of Intellicheck from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. DA Davidson lowered shares of Intellicheck from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $5.00 to $2.00 in a report on Friday, August 9th.

Intellicheck Stock Performance

Shares of NYSE IDN traded down $0.02 during trading on Thursday, hitting $2.38. 47,509 shares of the company were exchanged, compared to its average volume of 191,211. The company has a fifty day moving average price of $2.24 and a 200-day moving average price of $2.75. The firm has a market capitalization of $46.48 million, a PE ratio of -78.67 and a beta of 1.95. Intellicheck has a 12-month low of $1.62 and a 12-month high of $4.46.

Institutional Trading of Intellicheck

Large investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. acquired a new position in Intellicheck during the 1st quarter worth approximately $43,000. Wilkinson Global Asset Management LLC increased its holdings in Intellicheck by 4.9% in the second quarter. Wilkinson Global Asset Management LLC now owns 182,805 shares of the company’s stock valued at $625,000 after buying an additional 8,621 shares during the last quarter. AIGH Capital Management LLC boosted its position in shares of Intellicheck by 16.8% during the 2nd quarter. AIGH Capital Management LLC now owns 1,767,732 shares of the company’s stock worth $6,046,000 after acquiring an additional 253,706 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Intellicheck in the 2nd quarter valued at about $47,000. Finally, Garden State Investment Advisory Services LLC raised its position in shares of Intellicheck by 3.7% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 269,357 shares of the company’s stock worth $585,000 after acquiring an additional 9,500 shares in the last quarter. 42.79% of the stock is currently owned by hedge funds and other institutional investors.

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.