Intellicheck (NYSE:IDN) Rating Lowered to “Sell” at StockNews.com

Intellicheck (NYSE:IDN) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

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

Intellicheck Trading Down 0.4 %

Shares of NYSE:IDN traded down $0.01 on Monday, hitting $2.53. The company had a trading volume of 31,611 shares, compared to its average volume of 58,915. Intellicheck has a 52-week low of $1.71 and a 52-week high of $4.46. The business has a 50 day moving average of $2.70 and a 200 day moving average of $2.50. The company has a market cap of $50.00 million, a PE ratio of -84.33 and a beta of 1.82.

Institutional Investors Weigh In On Intellicheck

Institutional investors have recently bought and sold shares of the stock. Hilltop Holdings Inc. purchased a new stake in Intellicheck in the third quarter valued at approximately $43,000. Corient Private Wealth LLC acquired a new position in shares of Intellicheck in the 4th quarter valued at about $56,000. Cutter & CO Brokerage Inc. purchased a new stake in shares of Intellicheck during the 4th quarter worth about $64,000. Northern Trust Corp increased its position in Intellicheck by 20.7% during the 4th quarter. Northern Trust Corp now owns 33,925 shares of the company’s stock worth $95,000 after purchasing an additional 5,827 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in Intellicheck by 9.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 64,336 shares of the company’s stock valued at $173,000 after buying an additional 5,760 shares during the period. 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.