Intellicheck (NYSE:IDN) Upgraded at StockNews.com

Intellicheck (NYSE:IDN) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Separately, HC Wainwright reiterated a “buy” rating and set a $4.00 price objective on shares of Intellicheck in a research report on Thursday, November 14th.

Intellicheck Stock Performance

Shares of NYSE:IDN traded up $0.03 during trading on Thursday, reaching $2.32. The stock had a trading volume of 36,243 shares, compared to its average volume of 58,015. The business has a fifty day moving average price of $2.64 and a 200-day moving average price of $2.50. The stock has a market cap of $45.85 million, a PE ratio of -77.33 and a beta of 1.90. Intellicheck has a 1-year low of $1.72 and a 1-year high of $4.46.

Hedge Funds Weigh In On Intellicheck

Institutional investors have recently added to or reduced their stakes in the stock. Topline Capital Management LLC purchased a new stake in Intellicheck in the fourth quarter valued at $3,248,000. Garden State Investment Advisory Services LLC raised its position in Intellicheck by 3.7% in the third quarter. Garden State Investment Advisory Services LLC now owns 269,357 shares of the company’s stock valued at $585,000 after purchasing an additional 9,500 shares during the period. Captrust Financial Advisors purchased a new stake in Intellicheck in the fourth quarter valued at $676,000. Wilkinson Global Asset Management LLC raised its position in Intellicheck by 7.2% in the fourth quarter. Wilkinson Global Asset Management LLC now owns 205,402 shares of the company’s stock valued at $575,000 after purchasing an additional 13,825 shares during the period. Finally, Geode Capital Management LLC raised its position in Intellicheck by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 199,835 shares of the company’s stock valued at $560,000 after purchasing an additional 9,166 shares during the period. Hedge funds and other institutional investors own 42.79% of the company’s stock.

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.