Intellicheck (NYSE:IDN) Downgraded by StockNews.com to Sell

StockNews.com cut shares of Intellicheck (NYSE:IDN) from a hold rating to a sell rating in a report released on Monday.

Separately, HC Wainwright reissued a “buy” rating and issued a $4.00 price target on shares of Intellicheck in a research note on Thursday, November 14th.

Intellicheck Price Performance

Shares of Intellicheck stock opened at $2.53 on Monday. Intellicheck has a 1-year low of $1.71 and a 1-year high of $4.46. The stock has a market cap of $50.00 million, a P/E ratio of -84.33 and a beta of 1.82. The stock’s 50 day simple moving average is $2.70 and its 200-day simple moving average is $2.50.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC increased its holdings in Intellicheck by 9.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 64,336 shares of the company’s stock valued at $173,000 after purchasing an additional 5,760 shares during the last quarter. Northern Trust Corp boosted its position in shares of Intellicheck by 20.7% during the fourth quarter. Northern Trust Corp now owns 33,925 shares of the company’s stock worth $95,000 after buying an additional 5,827 shares during the period. Wilkinson Global Asset Management LLC grew its stake in shares of 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of Intellicheck by 4.8% in 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, Garden State Investment Advisory Services LLC raised its holdings in shares of Intellicheck by 3.7% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 269,357 shares of the company’s stock valued at $585,000 after buying an additional 9,500 shares during the period. Institutional investors and hedge funds own 42.79% of the company’s stock.

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.