Bryan Lewis Purchases 9,500 Shares of Intellicheck, Inc. (NYSE:IDN) Stock

Intellicheck, Inc. (NYSE:IDN) CEO Bryan Lewis acquired 9,500 shares of Intellicheck stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average cost of $2.09 per share, with a total value of $19,855.00. Following the purchase, the chief executive officer now owns 21,982 shares of the company’s stock, valued at approximately $45,942.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Intellicheck Price Performance

Shares of NYSE:IDN opened at $2.03 on Thursday. The company’s fifty day moving average price is $2.71 and its 200-day moving average price is $2.89. The firm has a market capitalization of $39.52 million, a price-to-earnings ratio of -40.60 and a beta of 1.98. Intellicheck, Inc. has a one year low of $1.56 and a one year high of $4.46.

Intellicheck (NYSE:IDN) last released its earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). Intellicheck had a negative return on equity of 2.05% and a negative net margin of 2.36%. The business had revenue of $4.67 million for the quarter, compared to analysts’ expectations of $4.91 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. As a group, equities research analysts expect that Intellicheck, Inc. will post -0.03 EPS for the current year.

Hedge Funds Weigh In On Intellicheck

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP purchased a new stake in Intellicheck in the second quarter worth approximately $47,000. AIGH Capital Management LLC boosted its stake in shares of Intellicheck by 16.8% in the 2nd quarter. AIGH Capital Management LLC now owns 1,767,732 shares of the company’s stock valued at $6,046,000 after purchasing an additional 253,706 shares in the last quarter. Wilkinson Global Asset Management LLC grew its holdings in shares of Intellicheck by 4.9% during the 2nd quarter. Wilkinson Global Asset Management LLC now owns 182,805 shares of the company’s stock valued at $625,000 after purchasing an additional 8,621 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Intellicheck in the 1st quarter worth $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 purchasing an additional 6,667 shares during the last quarter. 42.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IDN has been the subject of a number of recent analyst reports. DA Davidson lowered shares of Intellicheck from a “buy” rating to a “neutral” rating and reduced their price target for the company from $5.00 to $2.00 in a research report on Friday, August 9th. HC Wainwright reduced their target price on Intellicheck from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, StockNews.com cut Intellicheck from a “buy” rating to a “hold” rating in a report on Monday, August 12th.

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.