Intellicheck (NYSE:IDN) Rating Increased to Outperform at Northland Securities

Northland Securities upgraded shares of Intellicheck (NYSE:IDN) from a market perform rating to an outperform rating in a report issued on Thursday morning, MarketBeat reports. Northland Securities currently has $7.00 price objective on the stock.

Several other analysts have also recently issued reports on IDN. DA Davidson upped their price objective on Intellicheck from $5.50 to $6.50 and gave the company a “buy” rating in a research note on Wednesday, August 13th. HC Wainwright reissued a “buy” rating and set a $6.00 price target on shares of Intellicheck in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Intellicheck currently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Intellicheck Trading Down 5.3%

NYSE IDN traded down $0.33 during trading hours on Thursday, reaching $5.85. 1,010,041 shares of the company traded hands, compared to its average volume of 242,529. The stock has a market capitalization of $117.22 million, a PE ratio of -195.00 and a beta of 1.38. Intellicheck has a 12 month low of $2.17 and a 12 month high of $6.95. The company has a 50 day moving average of $5.02 and a two-hundred day moving average of $4.89.

Institutional Investors Weigh In On Intellicheck

Several large investors have recently made changes to their positions in IDN. Occudo Quantitative Strategies LP boosted its position in shares of Intellicheck by 17.5% during the third quarter. Occudo Quantitative Strategies LP now owns 14,118 shares of the company’s stock worth $73,000 after buying an additional 2,098 shares during the period. Two Sigma Investments LP grew its stake in shares of Intellicheck by 144.8% in the third quarter. Two Sigma Investments LP now owns 181,281 shares of the company’s stock worth $943,000 after purchasing an additional 107,243 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Intellicheck by 149.2% during the third quarter. Bridgeway Capital Management LLC now owns 89,331 shares of the company’s stock valued at $465,000 after purchasing an additional 53,484 shares during the period. Diversify Advisory Services LLC raised its stake in shares of Intellicheck by 22.8% during the third quarter. Diversify Advisory Services LLC now owns 29,061 shares of the company’s stock valued at $151,000 after purchasing an additional 5,402 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Intellicheck during the third quarter valued at about $91,000. Institutional investors and hedge funds own 42.79% of the company’s stock.

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.