Intellicheck (NASDAQ:IDN) Given New $5.00 Price Target at DA Davidson

Intellicheck (NASDAQ:IDNGet Free Report) had its target price lowered by stock analysts at DA Davidson from $7.50 to $5.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target would suggest a potential upside of 80.64% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Weiss Ratings cut Intellicheck from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Wall Street Zen downgraded Intellicheck from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. Zacks Research cut shares of Intellicheck from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Craig Hallum downgraded shares of Intellicheck from a “buy” rating to a “hold” rating and set a $6.50 price target on the stock. in a report on Wednesday, May 13th. Three research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.75.

Check Out Our Latest Report on IDN

Intellicheck Price Performance

IDN traded down $0.98 during midday trading on Friday, reaching $2.77. 674,191 shares of the company’s stock traded hands, compared to its average volume of 354,990. The stock has a market capitalization of $56.05 million, a price-to-earnings ratio of 25.28 and a beta of 0.81. Intellicheck has a 52 week low of $2.70 and a 52 week high of $9.08. The firm has a fifty day moving average of $3.97 and a two-hundred day moving average of $5.20.

Intellicheck (NASDAQ:IDNGet Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. Intellicheck had a net margin of 9.56% and a return on equity of 11.26%. The company had revenue of $5.94 million during the quarter. Sell-side analysts forecast that Intellicheck will post 0.17 EPS for the current year.

Institutional Trading of Intellicheck

A number of hedge funds have recently bought and sold shares of IDN. PFG Investments LLC bought a new position in Intellicheck in the fourth quarter valued at about $70,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Intellicheck during the 2nd quarter valued at about $65,000. Jump Financial LLC bought a new position in shares of Intellicheck in the 2nd quarter worth approximately $66,000. JPMorgan Chase & Co. lifted its stake in shares of Intellicheck by 21,267.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,889 shares of the company’s stock worth $75,000 after purchasing an additional 13,824 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Intellicheck in the second quarter worth approximately $79,000. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Intellicheck Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Intellicheck (NASDAQ:IDN)

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