Intellicheck (NYSE:IDN) Stock Price Up 2.5% – Time to Buy?

Intellicheck, Inc. (NYSE:IDN) was up 2.5% during trading on Friday . The company traded as high as $2.91 and last traded at $2.90. Approximately 137,241 shares changed hands during trading, a decline of 16% from the average daily volume of 163,171 shares. The stock had previously closed at $2.83.

Analysts Set New Price Targets

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

Intellicheck Trading Up 2.5 %

The company has a market cap of $57.31 million, a P/E ratio of -96.67 and a beta of 1.81. The company has a 50-day simple moving average of $2.68 and a 200 day simple moving average of $2.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IDN. Garden State Investment Advisory Services LLC boosted its stake in shares of Intellicheck by 3.7% during the third quarter. Garden State Investment Advisory Services LLC now owns 269,357 shares of the company’s stock valued at $585,000 after purchasing an additional 9,500 shares in the last quarter. Hilltop Holdings Inc. purchased a new position in shares of Intellicheck in the 3rd quarter valued at $43,000. Wilkinson Global Asset Management LLC raised its position 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 worth $416,000 after acquiring an additional 8,772 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Intellicheck during the 2nd quarter worth $47,000. Finally, AIGH Capital Management LLC grew its stake in Intellicheck by 16.8% in the second quarter. AIGH Capital Management LLC now owns 1,767,732 shares of the company’s stock valued at $6,046,000 after purchasing an additional 253,706 shares during the last quarter. Institutional investors own 42.79% of the company’s stock.

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.