Intellicheck (NASDAQ:IDN – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.
Other analysts have also issued research reports about the company. Weiss Ratings lowered Intellicheck from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. DA Davidson reaffirmed a “buy” rating and issued a $7.50 price objective on shares of Intellicheck in a research note on Wednesday, May 13th. Wall Street Zen downgraded Intellicheck from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Intellicheck presently has a consensus rating of “Moderate Buy” and an average price target of $7.38.
Read Our Latest Stock Analysis on IDN
Intellicheck Trading Down 0.5%
Intellicheck (NASDAQ:IDN – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Intellicheck had a net margin of 9.56% and a return on equity of 11.26%. The firm had revenue of $5.52 million during the quarter. Equities analysts forecast that Intellicheck will post 0.17 earnings per share for the current fiscal year.
Insider Activity at Intellicheck
In related news, CEO Bryan Lewis sold 10,000 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $8.05, for a total value of $80,500.00. Following the completion of the transaction, the chief executive officer directly owned 40,000 shares of the company’s stock, valued at approximately $322,000. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 25,550 shares of company stock worth $189,021. 7.76% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Intellicheck
A number of hedge funds have recently bought and sold shares of IDN. Occudo Quantitative Strategies LP purchased a new position in shares of Intellicheck in the 2nd quarter worth $65,000. Jump Financial LLC purchased a new stake in shares of Intellicheck during the 2nd quarter valued at about $66,000. PFG Investments LLC purchased a new stake in shares of Intellicheck during the 4th quarter valued at about $70,000. JPMorgan Chase & Co. lifted its holdings 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 valued at $75,000 after acquiring an additional 13,824 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in shares of Intellicheck in the 2nd quarter valued at about $79,000. Hedge funds and other institutional investors own 42.79% of the company’s stock.
Intellicheck Company Profile
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.
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