Intellicheck (NYSE:IDN) Upgraded at StockNews.com

StockNews.com upgraded shares of Intellicheck (NYSE:IDN) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.

Separately, HC Wainwright restated a “buy” rating and issued a $4.00 price objective on shares of Intellicheck in a report on Thursday, November 14th.

Intellicheck Price Performance

IDN stock opened at $2.31 on Thursday. The firm has a fifty day moving average price of $2.62 and a two-hundred day moving average price of $2.50. Intellicheck has a 1-year low of $1.75 and a 1-year high of $4.46. The firm has a market cap of $45.65 million, a price-to-earnings ratio of -77.00 and a beta of 1.90.

Hedge Funds Weigh In On Intellicheck

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hilltop Holdings Inc. bought a new stake in shares of Intellicheck in the third quarter valued at approximately $43,000. Corient Private Wealth LLC bought a new stake in shares of Intellicheck in the fourth quarter valued at approximately $56,000. Cutter & CO Brokerage Inc. bought a new stake in shares of Intellicheck in the fourth quarter valued at approximately $64,000. Northern Trust Corp boosted its position in shares of Intellicheck by 20.7% in the fourth quarter. Northern Trust Corp now owns 33,925 shares of the company’s stock valued at $95,000 after acquiring an additional 5,827 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Intellicheck by 9.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 64,336 shares of the company’s stock valued at $173,000 after acquiring an additional 5,760 shares during the period. 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.