Brokers Set Expectations for Intellicheck FY2024 Earnings

Intellicheck, Inc. (NYSE:IDN) – Analysts at DA Davidson decreased their FY2024 earnings estimates for shares of Intellicheck in a research note issued on Thursday, November 14th. DA Davidson analyst R. Kessinger now forecasts that the company will post earnings per share of ($0.02) for the year, down from their prior forecast of ($0.01). DA Davidson currently has a “Neutral” rating and a $2.00 target price on the stock. The consensus estimate for Intellicheck’s current full-year earnings is ($0.07) per share. DA Davidson also issued estimates for Intellicheck’s FY2025 earnings at ($0.02) EPS.

Other equities research analysts have also recently issued research reports about the company. HC Wainwright restated a “buy” rating and issued a $4.00 price target on shares of Intellicheck in a report on Thursday, November 14th. StockNews.com lowered Intellicheck from a “buy” rating to a “hold” rating in a report on Monday, August 12th.

Intellicheck Trading Up 0.8 %

Shares of Intellicheck stock opened at $2.41 on Monday. The company has a 50-day moving average of $2.25 and a two-hundred day moving average of $2.74. Intellicheck has a 12-month low of $1.65 and a 12-month high of $4.46. The stock has a market cap of $47.07 million, a PE ratio of -79.67 and a beta of 1.95.

Institutional Trading of Intellicheck

Several large investors have recently modified their holdings of IDN. AIGH Capital Management LLC raised 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 purchasing an additional 253,706 shares during the last quarter. Hilltop Holdings Inc. purchased a new position in Intellicheck during the third quarter worth $43,000. Dimensional Fund Advisors LP acquired a new position in shares of Intellicheck in the second quarter worth $47,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Intellicheck in the first quarter valued at $43,000. Finally, Garden State Investment Advisory Services LLC boosted its stake in shares of Intellicheck by 3.7% during the third quarter. Garden State Investment Advisory Services LLC now owns 269,357 shares of the company’s stock valued at $585,000 after acquiring an additional 9,500 shares during the last quarter. 42.79% of the stock is currently owned by institutional investors and hedge funds.

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.