Intellicheck (NYSE:IDN) Given Buy Rating at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Intellicheck (NYSE:IDN) in a research report report published on Friday,Benzinga reports. The firm currently has a $4.00 price objective on the stock.

Separately, StockNews.com lowered shares of Intellicheck from a “hold” rating to a “sell” rating in a research report on Friday.

Intellicheck Trading Up 6.7 %

Shares of IDN opened at $2.72 on Friday. Intellicheck has a 12 month low of $1.92 and a 12 month high of $4.46. The firm has a fifty day simple moving average of $2.61 and a 200 day simple moving average of $2.51. The stock has a market capitalization of $53.75 million, a price-to-earnings ratio of -90.67 and a beta of 1.90.

Institutional Trading of Intellicheck

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hilltop Holdings Inc. bought a new position in shares of Intellicheck in the third quarter valued at about $43,000. Corient Private Wealth LLC bought a new position in shares of Intellicheck in the fourth quarter valued at about $56,000. Cutter & CO Brokerage Inc. bought a new position in shares of Intellicheck in the fourth quarter valued at about $64,000. Northern Trust Corp raised its position in shares of Intellicheck by 20.7% in the fourth quarter. Northern Trust Corp now owns 33,925 shares of the company’s stock valued at $95,000 after purchasing an additional 5,827 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in shares of 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 purchasing an additional 5,760 shares during the period. 42.79% of the stock is owned by institutional investors.

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.