Intellicheck Inc (NYSEMKT:IDN) Cut to “Sell” at ValuEngine

ValuEngine downgraded shares of Intellicheck Inc (NYSEMKT:IDN) from a hold rating to a sell rating in a research note released on Thursday, October 26th.

Several other analysts also recently issued reports on the company. CIBC assumed coverage on Intellicheck in a report on Wednesday, September 20th. They set an outperform rating and a $4.00 price objective on the stock. Oppenheimer Holdings, Inc. assumed coverage on Intellicheck in a report on Wednesday, September 20th. They set an outperform rating and a $4.00 price objective on the stock. Finally, Northland Securities started coverage on Intellicheck in a report on Wednesday, September 6th. They set an outperform rating and a $4.30 price objective on the stock.

Shares of Intellicheck (NYSEMKT IDN) opened at $2.35 on Thursday. Intellicheck has a 12 month low of $1.80 and a 12 month high of $4.55.

Intellicheck (NYSEMKT:IDN) last posted its quarterly earnings data on Monday, August 14th. The industrial products company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). Intellicheck had a negative return on equity of 37.73% and a negative net margin of 115.48%. The company had revenue of $0.95 million during the quarter.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Eagle Investment Management LLC grew its stake in shares of Intellicheck by 107.3% in the 3rd quarter. First Eagle Investment Management LLC now owns 2,214,818 shares of the industrial products company’s stock valued at $6,379,000 after buying an additional 1,146,432 shares in the last quarter. Clear Harbor Asset Management LLC boosted its position in shares of Intellicheck by 21.4% in the third quarter. Clear Harbor Asset Management LLC now owns 1,141,162 shares of the industrial products company’s stock valued at $3,287,000 after acquiring an additional 201,250 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Intellicheck by 81.1% in the second quarter. Vanguard Group Inc. now owns 99,502 shares of the industrial products company’s stock valued at $386,000 after acquiring an additional 44,560 shares during the period.

About Intellicheck

Intellicheck, Inc, formerly Intellicheck Mobilisa, Inc, is a technology company. The Company is engaged in developing, integrating and marketing wireless technology and identity systems for various applications, including mobile and handheld access control, and security systems for the government, military and commercial markets.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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