Intellicheck (NASDAQ:IDN) Given a $4.00 Price Target by DA Davidson Analysts

DA Davidson set a $4.00 price objective on Intellicheck (NASDAQ:IDNGet Rating) in a report issued on Monday morning, Stock Target Advisor reports.

Several other equities research analysts also recently issued reports on IDN. HC Wainwright cut their price objective on Intellicheck from $7.00 to $4.00 and set a buy rating on the stock in a report on Tuesday, June 14th. Craig Hallum cut their price objective on Intellicheck from $4.00 to $2.00 and set a hold rating on the stock in a report on Tuesday, June 14th. Finally, Northland Securities cut their price objective on Intellicheck from $6.00 to $4.00 in a report on Tuesday, June 14th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $3.50.

Shares of Intellicheck stock opened at $1.83 on Monday. Intellicheck has a 52 week low of $1.33 and a 52 week high of $9.68. The business’s fifty day simple moving average is $1.91 and its 200-day simple moving average is $3.18. The firm has a market cap of $34.53 million, a PE ratio of -7.62 and a beta of 1.80.

Intellicheck (NASDAQ:IDNGet Rating) last announced its quarterly earnings results on Monday, June 13th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. Intellicheck had a negative return on equity of 23.22% and a negative net margin of 26.91%. During the same period last year, the firm posted ($0.06) EPS. On average, research analysts expect that Intellicheck will post -0.19 earnings per share for the current year.

In other news, CEO Bryan Lewis bought 15,500 shares of the stock in a transaction that occurred on Thursday, June 16th. The stock was purchased at an average price of $1.69 per share, for a total transaction of $26,195.00. Following the completion of the purchase, the chief executive officer now owns 249,286 shares in the company, valued at approximately $421,293.34. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders acquired 41,563 shares of company stock worth $71,060. Insiders own 6.04% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC increased its holdings in shares of Intellicheck by 0.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 1,480,469 shares of the company’s stock valued at $6,840,000 after acquiring an additional 9,000 shares during the last quarter. Paradigm Financial Partners LLC purchased a new position in shares of Intellicheck in the 4th quarter valued at about $204,000. Heartland Advisors Inc. increased its holdings in shares of Intellicheck by 12.4% in the 4th quarter. Heartland Advisors Inc. now owns 500,000 shares of the company’s stock valued at $2,310,000 after acquiring an additional 55,000 shares during the last quarter. Morgan Dempsey Capital Management LLC purchased a new position in shares of Intellicheck in the 1st quarter valued at about $735,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Intellicheck in the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 39.61% of the company’s stock.

About Intellicheck (Get Rating)

Intellicheck, Inc, a technology company, develops, integrates, and markets threat identification and identity authentication solutions for bank and retail fraud prevention, law enforcement threat identification, and mobile and handheld access control and security systems primarily in the United States.

Read More

Receive News & Ratings for Intellicheck Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intellicheck and related companies with MarketBeat.com's FREE daily email newsletter.