Zacks Investment Research upgraded shares of Intellicheck (NYSEAMERICAN:IDN) from a sell rating to a hold rating in a research report sent to investors on Wednesday.
According to Zacks, “Intellicheck Mobilisa is a leading technology company, developing and marketing wireless technology and identity systems for various applications including: mobile and handheld wireless devices for the government, military and commercial markets. Products include the Defense ID system, an advanced ID card access control product currently protecting over 70 military and federal locations. ID-Check is a technology that instantly reads, analyzes, and verifies encoded data in magnetic stripes and barcodes on government-issue IDs from approximately 60 U.S. and Canadian jurisdictions to determine if the content and format are valid. The company’s products are used to address government and commercial fraud, focusing on age verification, secure access control and software tools, driver’s license readers, and ID validation markets. Intelli-Check Mobilisa sells its products through its direct sales force and marketing partners. The company is headquartered in Port Townsend, Washington. “
Other research analysts have also recently issued research reports about the company. Oppenheimer reiterated a market perform rating and set a $4.00 price objective on shares of Intellicheck in a research note on Wednesday, August 15th. UBS Group cut Intellicheck from an outperform rating to a market perform rating in a research note on Wednesday, August 15th.
IDN opened at $2.63 on Wednesday. Intellicheck has a twelve month low of $1.50 and a twelve month high of $3.18.
Intellicheck (NYSEAMERICAN:IDN) last announced its quarterly earnings data on Tuesday, August 14th. The industrial products company reported ($0.07) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.07). The business had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $1.22 million. Intellicheck had a negative return on equity of 28.67% and a negative net margin of 111.19%.
An institutional investor recently raised its position in Intellicheck stock. Clear Harbor Asset Management LLC raised its stake in shares of Intellicheck Inc (NYSEAMERICAN:IDN) by 2.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,276,612 shares of the industrial products company’s stock after purchasing an additional 32,350 shares during the period. Clear Harbor Asset Management LLC owned 8.17% of Intellicheck worth $2,936,000 as of its most recent SEC filing.
Intellicheck Company Profile
Intellicheck, Inc, a technology company, develops, integrates, and markets identity authentication systems for mobile and handheld access control and security systems primarily in the United States. The company provides identity systems products, including commercial identification products, such as IDvCheck 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 IDTM; 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; IDvCheck POS, a software application that runs on various VeriFone devices; IDvCheck BHO, a browser helper object for Microsoft browser; IDvCheck 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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