Intellicheck (NASDAQ:IDN) Downgraded to Hold Rating by Zacks Research

Intellicheck (NASDAQ:IDN) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on IDN. Craig Hallum downgraded Intellicheck from a “buy” rating to a “hold” rating and set a $6.50 target price on the stock. in a research note on Wednesday, May 13th. Wall Street Zen cut Intellicheck from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings downgraded Intellicheck from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. Finally, DA Davidson reiterated a “buy” rating and issued a $7.50 price objective on shares of Intellicheck in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Intellicheck presently has an average rating of “Moderate Buy” and a consensus target price of $7.38.

Intellicheck Stock Performance

Shares of NASDAQ:IDN opened at $4.08 on Monday. Intellicheck has a one year low of $3.95 and a one year high of $9.08. The stock has a market capitalization of $82.62 million, a price-to-earnings ratio of 37.09 and a beta of 0.80. The company has a 50-day simple moving average of $4.54 and a 200-day simple moving average of $5.60.

Intellicheck (NASDAQ:IDN) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $5.52 million for the quarter. Intellicheck had a return on equity of 11.26% and a net margin of 9.56%. As a group, research analysts forecast that Intellicheck will post 0.17 EPS for the current fiscal year.

Insider Activity

In other news, CEO Bryan Lewis sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $8.05, for a total value of $80,500.00. Following the completion of the sale, the chief executive officer directly owned 40,000 shares of the company’s stock, valued at $322,000. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 25,550 shares of company stock worth $189,021. Corporate insiders own 7.76% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AIGH Capital Management LLC raised its position in Intellicheck by 25.0% in the first quarter. AIGH Capital Management LLC now owns 1,517,249 shares of the company’s stock worth $10,606,000 after acquiring an additional 303,815 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Intellicheck by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 997,493 shares of the company’s stock worth $5,187,000 after purchasing an additional 56,834 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Intellicheck by 11.3% during the 1st quarter. Renaissance Technologies LLC now owns 485,835 shares of the company’s stock worth $3,396,000 after purchasing an additional 49,470 shares during the period. Marshall Wace LLP grew its stake in shares of Intellicheck by 10.2% during the 4th quarter. Marshall Wace LLP now owns 477,040 shares of the company’s stock worth $3,187,000 after purchasing an additional 44,086 shares during the period. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Intellicheck in the 4th quarter valued at about $2,150,000. Institutional investors and hedge funds own 42.79% of the company’s stock.

Intellicheck Company Profile

Intellicheck, Inc is a provider of mobile identity verification and authentication solutions designed to help organizations verify credentials and combat fraud. The company’s technology leverages optical character recognition, machine learning, and biometric facial recognition to validate government?issued IDs, passports, and other identity documents in real time. These solutions are deployed via on?premises hardware or cloud?based platforms, enabling clients to integrate identity checks directly into digital workflows and point?of?sale systems.

The firm’s flagship offerings include mobile credential scanning applications and software development kits (SDKs) that support Know Your Customer (KYC), Anti–Money Laundering (AML), age verification, and regulatory compliance across multiple industries.