Intellicheck (NYSEAMERICAN:IDN) Earns Buy Rating from Analysts at Seaport Global Securities

Seaport Global Securities initiated coverage on shares of Intellicheck (NYSEAMERICAN:IDN) in a report published on Friday, TipRanks reports. The firm issued a buy rating and a $8.00 price target on the industrial products company’s stock.

A number of other brokerages have also recently commented on IDN. Northland Securities reissued a buy rating and issued a $7.00 price objective on shares of Intellicheck in a research note on Friday, August 2nd. Zacks Investment Research raised shares of Intellicheck from a hold rating to a buy rating and set a $5.25 price objective for the company in a research note on Wednesday, August 7th. Finally, B. Riley initiated coverage on shares of Intellicheck in a research note on Friday. They issued a buy rating and a $8.00 price objective for the company.

Shares of NYSEAMERICAN:IDN opened at $5.15 on Friday. Intellicheck has a 52 week low of $1.91 and a 52 week high of $6.92.

Intellicheck (NYSEAMERICAN:IDN) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $1.56 million during the quarter, compared to analysts’ expectations of $1.38 million.

Hedge funds have recently added to or reduced their stakes in the stock. Cutter & CO Brokerage Inc. purchased a new position in shares of Intellicheck during the 2nd quarter worth about $193,000. BlackRock Inc. boosted its stake in shares of Intellicheck by 784.1% during the 2nd quarter. BlackRock Inc. now owns 50,285 shares of the industrial products company’s stock worth $291,000 after purchasing an additional 44,597 shares during the period. Morgan Stanley boosted its stake in shares of Intellicheck by 115,798.5% during the 2nd quarter. Morgan Stanley now owns 300,177 shares of the industrial products company’s stock worth $1,738,000 after purchasing an additional 299,918 shares during the period. Vanguard Group Inc. boosted its stake in shares of Intellicheck by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 323,480 shares of the industrial products company’s stock worth $1,873,000 after purchasing an additional 8,498 shares during the period. Finally, Clear Harbor Asset Management LLC boosted its stake in shares of Intellicheck by 0.6% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 1,336,685 shares of the industrial products company’s stock worth $7,739,000 after purchasing an additional 7,575 shares during the period.

Intellicheck Company Profile

Intellicheck, Inc, a technology company, develops, integrates, and markets threat identification and identity authentication solutions for retail fraud prevention, law enforcement threat identification, and mobile and handheld access control and security systems primarily in the United States. It provides identity systems products, including commercial identification products, such as ID Check SDK for software developers; Retail ID, an authentication solution that authenticates identification documents; Retail ID Online, authenticates an online user's identification documents; Retail ID Mobile that provides the fraud reduction benefits of Retail ID; Age ID, a designation for various hand held devices; Guest ID, a software application that speeds up check-in and ID verification at hotels and motels; ID Check POS, a software application that runs on various VeriFone devices; ID Check BHO, a browser helper object for Microsoft browser; ID Check PC, a standalone software solution; State Aware software; software products for data collection devices; and instant credit application kiosk software applications.

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