HC Wainwright Decreases Earnings Estimates for Intellicheck

Intellicheck, Inc. (NYSE:IDN) – Equities research analysts at HC Wainwright cut their FY2024 earnings estimates for Intellicheck in a report released on Thursday, November 14th. HC Wainwright analyst S. Buck now expects that the company will post earnings per share of ($0.08) for the year, down from their previous forecast of ($0.03). HC Wainwright has a “Buy” rating and a $4.00 price target on the stock. The consensus estimate for Intellicheck’s current full-year earnings is ($0.07) per share. HC Wainwright also issued estimates for Intellicheck’s FY2025 earnings at ($0.05) EPS.

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of Intellicheck from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. DA Davidson lowered Intellicheck from a “buy” rating to a “neutral” rating and reduced their target price for the company from $5.00 to $2.00 in a research report on Friday, August 9th.

Intellicheck Price Performance

Shares of NYSE IDN opened at $2.39 on Monday. The stock has a market capitalization of $46.68 million, a P/E ratio of -79.67 and a beta of 1.95. The business has a fifty day moving average price of $2.25 and a 200 day moving average price of $2.75. Intellicheck has a 1-year low of $1.62 and a 1-year high of $4.46.

Institutional Trading of Intellicheck

Several large investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. purchased a new stake in Intellicheck in the first quarter valued at $43,000. Wilkinson Global Asset Management LLC grew its stake in shares of Intellicheck by 4.9% during the 2nd quarter. Wilkinson Global Asset Management LLC now owns 182,805 shares of the company’s stock worth $625,000 after purchasing an additional 8,621 shares during the period. AIGH Capital Management LLC lifted its stake in shares of Intellicheck by 16.8% in the 2nd quarter. AIGH Capital Management LLC now owns 1,767,732 shares of the company’s stock valued at $6,046,000 after purchasing an additional 253,706 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Intellicheck during the second quarter valued at $47,000. Finally, Garden State Investment Advisory Services LLC raised its position in shares of Intellicheck by 3.7% in the third 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 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.