Intellicheck (NYSE:IDN) Shares Up 2.2% - Time to Buy?
Shares of Intellicheck (NYSE:IDN) rose 2.2% to $2.73 during mid-day trading, with a trading volume decline of 22% from the average. HC Wainwright maintained a "buy" rating with a target price of $4.00. The company has a market cap of $53.94 million and institutional investors own 42.79% of its stock. Intellicheck provides digital identity validation solutions for various sectors, including financial services and law enforcement.
Shares of Intellicheck, Inc. (NYSE:IDN - Get Free Report) traded up 2.2% during mid-day trading on Tuesday . The stock traded as high as $2.80 and last traded at $2.73. 51,334 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 66,023 shares. The stock had previously closed at $2.67.
Analyst Upgrades and Downgrades
Separately, HC Wainwright restated a "buy" rating and issued a $4.00 target price on shares of Intellicheck in a report on Thursday, November 14th.
View Our Latest Research Report on IDN
Intellicheck Price Performance
The firm's 50 day moving average price is $2.79 and its 200-day moving average price is $2.51. The firm has a market cap of $53.94 million, a price-to-earnings ratio of -91.00 and a beta of 1.82.
Institutional Investors Weigh In On Intellicheck
A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP acquired a new position in shares of Intellicheck during the second quarter valued at $47,000. Hilltop Holdings Inc. bought a new position in shares of Intellicheck in the 3rd quarter valued at about $43,000. Corient Private Wealth LLC acquired a new stake in shares of Intellicheck during the 4th quarter worth approximately $56,000. Cutter & CO Brokerage Inc. bought a new stake in shares of Intellicheck during the fourth quarter worth approximately $64,000. Finally, Wilkinson Global Asset Management LLC lifted its holdings in Intellicheck by 4.8% in the third quarter. Wilkinson Global Asset Management LLC now owns 191,577 shares of the company's stock valued at $416,000 after buying an additional 8,772 shares during the period. Institutional investors and hedge funds own 42.79% of the company's stock.
About Intellicheck
(Get Free Report)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.
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