Intellicheck (NASDAQ:IDN) Shares Down 1.5% – Here’s What Happened

Intellicheck, Inc. (NASDAQ:IDN) fell 1.5% during trading on Wednesday . The company traded as low as $3.80 and last traded at $3.82. Approximately 121,924 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 210,703 shares. The stock had previously closed at $3.88.

Analysts Set New Price Targets

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

Intellicheck Price Performance

The company has a market capitalization of $79.58 million, a price-to-earnings ratio of 35.73 and a beta of 0.81. The firm’s fifty day moving average price is $4.02 and its 200-day moving average price is $5.27.

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

Institutional Investors Weigh In On Intellicheck

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Occudo Quantitative Strategies LP bought a new position in shares of Intellicheck in the second quarter valued at approximately $65,000. Jump Financial LLC bought a new stake in shares of Intellicheck during the 2nd quarter worth $66,000. PFG Investments LLC bought a new position in shares of Intellicheck during the 4th quarter valued at about $70,000. JPMorgan Chase & Co. grew its position in Intellicheck by 21,267.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,889 shares of the company’s stock worth $75,000 after acquiring an additional 13,824 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Intellicheck in the second quarter worth $79,000. 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.