Intellicheck (NASDAQ:IDN) Issues Earnings Results

Intellicheck (NASDAQ:IDNGet Rating) posted its quarterly earnings results on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02, Fidelity Earnings reports. Intellicheck had a negative net margin of 25.29% and a negative return on equity of 20.79%. During the same quarter in the prior year, the business posted ($0.06) earnings per share.

Shares of Intellicheck stock opened at $1.62 on Tuesday. The company has a market capitalization of $30.25 million, a price-to-earnings ratio of -7.36 and a beta of 1.80. Intellicheck has a 12-month low of $1.33 and a 12-month high of $9.68. The firm’s 50-day moving average price is $2.03 and its two-hundred day moving average price is $3.33.

A number of brokerages have recently issued reports on IDN. HC Wainwright cut their target price on shares of Intellicheck from $15.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, March 10th. DA Davidson cut their target price on shares of Intellicheck from $14.00 to $8.50 in a research note on Thursday, March 10th. Finally, Northland Securities reduced their price target on shares of Intellicheck from $11.50 to $6.00 and set an “outperform” rating for the company in a research report on Thursday, March 10th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $7.50.

A number of hedge funds and other institutional investors have recently modified their holdings of IDN. Renaissance Technologies LLC acquired a new stake in Intellicheck in the 1st quarter valued at $43,000. Millennium Management LLC bought a new stake in Intellicheck in the 4th quarter valued at about $48,000. Wells Fargo & Company MN raised its stake in Intellicheck by 27.4% in the 4th quarter. Wells Fargo & Company MN now owns 30,798 shares of the company’s stock valued at $142,000 after acquiring an additional 6,621 shares during the period. Marshall Wace LLP grew its holdings in Intellicheck by 11.1% during the 4th quarter. Marshall Wace LLP now owns 38,272 shares of the company’s stock valued at $176,000 after buying an additional 3,812 shares in the last quarter. Finally, Paradigm Financial Partners LLC purchased a new position in Intellicheck during the 4th quarter valued at about $204,000. Institutional investors and hedge funds own 39.61% of the company’s stock.

About Intellicheck (Get Rating)

Intellicheck, Inc, a technology company, develops, integrates, and markets threat identification and identity authentication solutions for bank and retail fraud prevention, law enforcement threat identification, and mobile and handheld access control and security systems primarily in the United States.

Further Reading

Earnings History for Intellicheck (NASDAQ:IDN)

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