StockNews.com Begins Coverage on Intellicheck (NYSE:IDN)

StockNews.com initiated coverage on shares of Intellicheck (NYSE:IDN) in a research note published on Saturday morning. The brokerage issued a buy rating on the stock.

A number of other brokerages have also weighed in on IDN. HC Wainwright reiterated a buy rating and issued a $5.00 price target on shares of Intellicheck in a report on Friday, March 22nd. Northland Securities reaffirmed a market perform rating and set a $4.00 price target on shares of Intellicheck in a research note on Wednesday, April 10th. Finally, DA Davidson reissued a buy rating and issued a $5.00 target price on shares of Intellicheck in a research report on Friday, March 22nd.

Intellicheck Price Performance

Shares of IDN opened at $3.46 on Friday. The firm has a 50 day simple moving average of $2.39 and a 200-day simple moving average of $2.05. Intellicheck has a 1-year low of $1.56 and a 1-year high of $4.25. The stock has a market cap of $67.16 million, a price-to-earnings ratio of -34.60 and a beta of 1.78.

Intellicheck (NYSE:IDN) last announced its earnings results on Thursday, March 21st. The company reported $0.04 earnings per share (EPS) for the quarter. Intellicheck had a negative net margin of 10.47% and a negative return on equity of 10.80%. The firm had revenue of $5.18 million for the quarter, compared to analyst estimates of $5.16 million. On average, equities analysts expect that Intellicheck will post -0.03 earnings per share for the current fiscal year.

Institutional Trading of Intellicheck

Institutional investors have recently made changes to their positions in the stock. Morgan Dempsey Capital Management LLC bought a new stake in shares of Intellicheck in the 1st quarter worth approximately $735,000. Herald Investment Management Ltd increased its stake in shares of Intellicheck by 12.8% during the 3rd quarter. Herald Investment Management Ltd now owns 850,000 shares of the company’s stock worth $1,887,000 after purchasing an additional 96,439 shares during the last quarter. Ancora Advisors LLC increased its stake in shares of Intellicheck by 54.5% during the 4th quarter. Ancora Advisors LLC now owns 116,309 shares of the company’s stock worth $232,000 after purchasing an additional 41,014 shares during the last quarter. Renaissance Technologies LLC grew its stake in Intellicheck by 226.7% in the 2nd quarter. Renaissance Technologies LLC now owns 55,200 shares of the company’s stock valued at $112,000 after buying an additional 38,303 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Intellicheck by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 949,867 shares of the company’s stock valued at $1,805,000 after buying an additional 14,600 shares during the last quarter. 42.79% of the stock is owned by institutional investors and hedge funds.

Intellicheck Company Profile

Intellicheck, Inc, a technology company, develops, integrates, and markets threat identification and identity authentication solutions primarily in the United States. The company offers solutions for bank and retail fraud prevention, law enforcement threat identification, and mobile and handheld access control and security systems.