StockNews.com Downgrades Intellicheck (NYSE:IDN) to Sell

StockNews.com cut shares of Intellicheck (NYSE:IDN) from a hold rating to a sell rating in a research note issued to investors on Monday morning.

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

Intellicheck Price Performance

Shares of NYSE:IDN opened at $2.51 on Monday. The company has a market capitalization of $49.60 million, a price-to-earnings ratio of -83.67 and a beta of 1.82. The business’s 50-day moving average is $2.69 and its 200-day moving average is $2.50. Intellicheck has a 1 year low of $1.72 and a 1 year high of $4.46.

Hedge Funds Weigh In On Intellicheck

Institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors purchased a new stake in shares of Intellicheck during the fourth quarter worth $676,000. 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 worth $95,000 after buying an additional 5,827 shares in the last quarter. Topline Capital Management LLC purchased a new stake in shares of Intellicheck in the fourth quarter worth $3,248,000. Renaissance Technologies LLC raised its position in shares of Intellicheck by 9.5% in the fourth quarter. Renaissance Technologies LLC now owns 114,000 shares of the company’s stock worth $319,000 after buying an additional 9,900 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Intellicheck by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 199,835 shares of the company’s stock worth $560,000 after buying an additional 9,166 shares in 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.