Intellicheck, Inc. (NASDAQ:IDN) Stock Has Consensus Price Target of $6.50 According to Brokerages

Intellicheck, Inc. (NASDAQ:IDN – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $6.50.

Several equities research analysts have recently issued reports on IDN shares. DA Davidson decreased their price objective on Intellicheck from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Zacks Research downgraded shares of Intellicheck from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings raised Intellicheck from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 14th. Wall Street Zen raised Intellicheck from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. Finally, Northland Securities set a $6.00 price target on Intellicheck in a report on Friday, August 14th.

Check Out Our Latest Report on Intellicheck

Intellicheck Stock Performance

IDN opened at $2.40 on Friday. Intellicheck has a one year low of $2.12 and a one year high of $9.08. The business’s fifty day moving average is $2.53 and its two-hundred day moving average is $4.22. The company has a market cap of $48.65 million, a price-to-earnings ratio of 16.00 and a beta of 0.79.

Intellicheck (NASDAQ:IDN – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Intellicheck had a return on equity of 15.02% and a net margin of 13.03%. The firm had revenue of $5.94 million for the quarter. On average, analysts predict that Intellicheck will post 0.10 EPS for the current fiscal year.

Institutional Investors Weigh In On Intellicheck

Several large investors have recently made changes to their positions in IDN. Diversify Advisory Services LLC bought a new position in shares of Intellicheck in the third quarter valued at approximately $34,000. Allworth Financial LP grew its stake in shares of Intellicheck by 525.9% in the 2nd quarter. Allworth Financial LP now owns 8,450 shares of the company’s stock valued at $35,000 after purchasing an additional 7,100 shares during the period. Globeflex Capital L P acquired a new position in Intellicheck during the second quarter worth $70,000. Navellier & Associates Inc. raised its stake in shares of Intellicheck by 17.3% in the second quarter. Navellier & Associates Inc. now owns 29,874 shares of the company’s stock valued at $122,000 after acquiring an additional 4,404 shares during the last quarter. Finally, AXQ Capital LP boosted its stake in Intellicheck by 124.7% in the second quarter. AXQ Capital LP now owns 30,449 shares of the company’s stock worth $125,000 after purchasing an additional 16,901 shares in the last quarter. Institutional investors own 42.79% of the company’s stock.

Intellicheck Company Profile

(Get Free Report)

Intellicheck, Inc (NASDAQ: IDN) provides identity validation and fraud-prevention technology. Its platform is designed to authenticate government-issued identification documents, including driver’s licenses and other forms of identification, using mobile devices and application programming interfaces (APIs).

The company’s solutions support customer onboarding, know-your-customer and compliance processes, age verification, account opening, fraud detection, and identity authentication. Intellicheck serves organizations such as financial institutions, retailers, telecommunications companies, government agencies, and other businesses that need to verify identities remotely or at the point of service.

Intellicheck has developed its business around real-time document validation and identity verification, with services available through cloud-based and integrated technology solutions.

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Analyst Recommendations for Intellicheck (NASDAQ:IDN)

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