Intellicheck (NYSE:IDN) Upgraded to Buy at DA Davidson

DA Davidson upgraded shares of Intellicheck (NYSE:IDN) from a neutral rating to a buy rating in a report published on Tuesday,Benzinga reports. The firm currently has $5.50 target price on the stock, up from their prior target price of $3.00.

Other equities research analysts have also issued research reports about the stock. HC Wainwright restated a “buy” rating and issued a $4.00 target price on shares of Intellicheck in a research note on Friday, March 21st. StockNews.com started coverage on Intellicheck in a report on Tuesday, April 22nd. They set a “hold” rating on the stock.

Intellicheck Stock Up 19.6%

Shares of NYSE:IDN opened at $3.96 on Tuesday. The company has a market capitalization of $78.59 million, a price-to-earnings ratio of -132.00 and a beta of 0.86. The company has a 50 day moving average of $2.66 and a two-hundred day moving average of $2.66. Intellicheck has a 52-week low of $1.92 and a 52-week high of $4.46.

Institutional Trading of Intellicheck

Several large investors have recently added to or reduced their stakes in the business. Topline Capital Management LLC acquired a new position in Intellicheck during the 4th quarter worth $3,248,000. Captrust Financial Advisors acquired a new stake in Intellicheck in the fourth quarter worth about $676,000. Wilkinson Global Asset Management LLC grew its position in Intellicheck by 5.2% in the 1st quarter. Wilkinson Global Asset Management LLC now owns 216,116 shares of the company’s stock valued at $655,000 after buying an additional 10,714 shares in the last quarter. Geode Capital Management LLC increased its stake in Intellicheck by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 199,835 shares of the company’s stock valued at $560,000 after buying an additional 9,166 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Intellicheck by 9.5% during the 4th quarter. Renaissance Technologies LLC now owns 114,000 shares of the company’s stock valued at $319,000 after buying an additional 9,900 shares during the period. 42.79% of the stock is currently owned by institutional investors and hedge funds.

About Intellicheck

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.