Intellicheck (NYSE:IDN) Downgraded by StockNews.com to Sell

StockNews.com cut shares of Intellicheck (NYSE:IDN) from a hold rating to a sell rating in a report released on Friday.

Intellicheck Stock Performance

Shares of Intellicheck stock opened at $2.72 on Friday. The business’s 50 day moving average price is $2.61 and its 200 day moving average price is $2.51. The company has a market cap of $53.75 million, a price-to-earnings ratio of -90.67 and a beta of 1.90. Intellicheck has a one year low of $1.92 and a one year high of $4.46.

Institutional Trading of Intellicheck

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