HC Wainwright Has Weak Estimate for Intellicheck Q4 Earnings

Intellicheck, Inc. (NYSE:IDN) – Research analysts at HC Wainwright decreased their Q4 2024 earnings estimates for Intellicheck in a note issued to investors on Thursday, November 14th. HC Wainwright analyst S. Buck now forecasts that the company will post earnings of ($0.01) per share for the quarter, down from their prior estimate of $0.02. HC Wainwright has a “Buy” rating and a $4.00 price objective on the stock. The consensus estimate for Intellicheck’s current full-year earnings is ($0.03) per share.

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

Intellicheck Stock Down 11.1 %

NYSE IDN opened at $2.40 on Friday. Intellicheck has a 52 week low of $1.56 and a 52 week high of $4.46. The company has a 50 day moving average price of $2.24 and a 200 day moving average price of $2.76. The firm has a market cap of $46.87 million, a PE ratio of -80.00 and a beta of 1.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AIGH Capital Management LLC raised its stake in shares of Intellicheck by 16.8% in the second 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. Dimensional Fund Advisors LP purchased a new position in Intellicheck during the 2nd quarter worth approximately $47,000. B. Riley Wealth Advisors Inc. acquired a new stake in Intellicheck during the 1st quarter valued at approximately $43,000. Finally, Wilkinson Global Asset Management LLC boosted its holdings in shares of Intellicheck by 4.8% in the 3rd quarter. Wilkinson Global Asset Management LLC now owns 191,577 shares of the company’s stock valued at $416,000 after acquiring an additional 8,772 shares during the last quarter. Hedge funds and other institutional investors own 42.79% of the company’s stock.

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.