Intellicheck (NASDAQ:IDN) Downgraded to “Hold” Rating by Zacks Research

Zacks Research cut shares of Intellicheck (NASDAQ:IDN) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. Craig Hallum cut shares of Intellicheck from a “buy” rating to a “hold” rating and set a $6.50 target price on the stock. in a research note on Wednesday, May 13th. Wall Street Zen lowered shares of Intellicheck from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. DA Davidson reiterated a “buy” rating and issued a $7.50 price target on shares of Intellicheck in a research report on Wednesday, May 13th. Finally, Weiss Ratings cut shares of Intellicheck from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.38.

Intellicheck Stock Down 0.5%

Shares of IDN opened at $4.08 on Monday. The business has a 50-day simple moving average of $4.54 and a two-hundred day simple moving average of $5.60. The stock has a market cap of $82.62 million, a price-to-earnings ratio of 37.09 and a beta of 0.80. Intellicheck has a 52 week low of $3.95 and a 52 week high of $9.08.

Intellicheck (NASDAQ:IDN) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $5.52 million for the quarter. Intellicheck had a return on equity of 11.26% and a net margin of 9.56%. On average, equities analysts anticipate that Intellicheck will post 0.17 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Bryan Lewis sold 10,000 shares of Intellicheck stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $8.05, for a total transaction of $80,500.00. Following the sale, the chief executive officer owned 40,000 shares of the company’s stock, valued at approximately $322,000. This trade represents a 20.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 25,550 shares of company stock worth $189,021 in the last three months. Company insiders own 7.76% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Occudo Quantitative Strategies LP bought a new stake in shares of Intellicheck during the second quarter valued at approximately $65,000. Jump Financial LLC bought a new position in shares of Intellicheck during the second quarter worth $66,000. PFG Investments LLC bought a new position in shares of Intellicheck during the fourth quarter worth $70,000. JPMorgan Chase & Co. boosted its position in shares of Intellicheck by 21,267.7% during the second quarter. JPMorgan Chase & Co. now owns 13,889 shares of the company’s stock worth $75,000 after acquiring an additional 13,824 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in Intellicheck during the second quarter valued at $79,000. 42.79% of the stock is currently owned by institutional investors.

About Intellicheck

Intellicheck, Inc is a provider of mobile identity verification and authentication solutions designed to help organizations verify credentials and combat fraud. The company’s technology leverages optical character recognition, machine learning, and biometric facial recognition to validate government‐issued IDs, passports, and other identity documents in real time. These solutions are deployed via on‐premises hardware or cloud‐based platforms, enabling clients to integrate identity checks directly into digital workflows and point‐of‐sale systems.

The firm’s flagship offerings include mobile credential scanning applications and software development kits (SDKs) that support Know Your Customer (KYC), Anti–Money Laundering (AML), age verification, and regulatory compliance across multiple industries.