Intellicheck (NYSE:IDN) Stock Rating Lowered by DA Davidson

Intellicheck (NYSE:IDN) was downgraded by research analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, MarketBeat reports. They currently have a $2.00 price objective on the stock, down from their prior price objective of $5.00. DA Davidson’s price target indicates a potential downside of 3.38% from the company’s current price. DA Davidson also issued estimates for Intellicheck’s Q3 2024 earnings at ($0.01) EPS.

A number of other equities research analysts have also recently issued reports on IDN. HC Wainwright reissued a “buy” rating and issued a $5.00 target price on shares of Intellicheck in a research report on Tuesday, May 14th. StockNews.com assumed coverage on Intellicheck in a research note on Wednesday, May 15th. They issued a “buy” rating on the stock.

Intellicheck Stock Performance

IDN traded down $0.82 during trading on Friday, reaching $2.07. 173,595 shares of the company’s stock were exchanged, compared to its average volume of 248,890. Intellicheck has a fifty-two week low of $1.56 and a fifty-two week high of $4.46. The company’s fifty day moving average price is $3.30 and its 200-day moving average price is $2.82. The firm has a market capitalization of $40.30 million, a PE ratio of -41.40 and a beta of 2.01.

Intellicheck (NYSE:IDN) last posted its quarterly earnings data on Monday, May 13th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The company had revenue of $4.68 million during the quarter, compared to the consensus estimate of $4.37 million. Intellicheck had a negative net margin of 5.72% and a negative return on equity of 5.82%. Research analysts forecast that Intellicheck will post 0.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Intellicheck

In other Intellicheck news, CFO Jeffrey Ishmael sold 26,499 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $3.69, for a total transaction of $97,781.31. Following the completion of the sale, the chief financial officer now owns 259,904 shares in the company, valued at approximately $959,045.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.87% of the company’s stock.

Institutional Trading of Intellicheck

A number of institutional investors and hedge funds have recently modified their holdings of the business. AIGH Capital Management LLC boosted its position in shares of Intellicheck by 16.8% in the second quarter. AIGH Capital Management LLC now owns 1,767,732 shares of the company’s stock valued at $6,046,000 after acquiring an additional 253,706 shares during the period. Dimensional Fund Advisors LP purchased a new position in Intellicheck during the second quarter worth about $47,000. Wilkinson Global Asset Management LLC boosted its stake in Intellicheck by 9.2% in the fourth quarter. Wilkinson Global Asset Management LLC now owns 158,395 shares of the company’s stock worth $301,000 after buying an additional 13,333 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Intellicheck during the 1st quarter valued at about $43,000. Finally, Truist Financial Corp lifted its stake in Intellicheck by 21.8% in the fourth quarter. Truist Financial Corp now owns 37,279 shares of the company’s stock worth $71,000 after acquiring an additional 6,667 shares during the period. 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.