Intellicheck (NYSEAMERICAN:IDN) issued its quarterly earnings results on Thursday. The industrial products company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.02, Fidelity Earnings reports. The company had revenue of $1.93 million for the quarter, compared to analysts’ expectations of $1.56 million.
Shares of NYSEAMERICAN:IDN traded up $0.37 on Friday, hitting $6.25. 255,700 shares of the company’s stock were exchanged, compared to its average volume of 38,062. Intellicheck has a 1-year low of $1.91 and a 1-year high of $6.92.
Several equities research analysts have weighed in on IDN shares. Zacks Investment Research upgraded Intellicheck from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a report on Wednesday, August 7th. Northland Securities restated a “buy” rating and set a $7.00 price target on shares of Intellicheck in a report on Friday, August 2nd. Seaport Global Securities started coverage on Intellicheck in a report on Friday, October 18th. They set a “buy” rating and a $8.00 price target on the stock. Finally, B. Riley started coverage on Intellicheck in a research report on Friday, October 18th. They set a “buy” rating and a $8.00 price objective for the company.
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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