Intellicheck (NYSE:IDN) Stock Price Up 2.5% – Should You Buy?

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

Wall Street Analyst Weigh In

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

Intellicheck Price Performance

The firm has a market cap of $57.31 million, a P/E ratio of -96.67 and a beta of 1.81. The stock’s 50-day simple moving average is $2.68 and its two-hundred day simple moving average is $2.63.

Institutional Trading of Intellicheck

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new stake in shares of Intellicheck in the second quarter worth approximately $47,000. Hilltop Holdings Inc. bought a new stake in shares of Intellicheck during the third quarter worth $43,000. Wilkinson Global Asset Management LLC boosted its stake in shares of Intellicheck by 4.8% during the third quarter. Wilkinson Global Asset Management LLC now owns 191,577 shares of the company’s stock valued at $416,000 after purchasing an additional 8,772 shares during the period. Garden State Investment Advisory Services LLC increased its stake in Intellicheck by 3.7% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 269,357 shares of the company’s stock worth $585,000 after buying an additional 9,500 shares during the period. Finally, AIGH Capital Management LLC lifted its holdings in Intellicheck by 16.8% during the 2nd quarter. AIGH Capital Management LLC now owns 1,767,732 shares of the company’s stock valued at $6,046,000 after buying an additional 253,706 shares in the last quarter. 42.79% of the stock is owned by hedge funds and other institutional investors.

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.