Intellicheck Inc (NYSEAMERICAN:IDN)’s share price shot up 6.3% during mid-day trading on Thursday . The company traded as high as $7.52 and last traded at $7.26, 217,147 shares were traded during mid-day trading. An increase of 453% from the average session volume of 39,254 shares. The stock had previously closed at $6.83.
Several brokerages recently commented on IDN. B. Riley assumed coverage on shares of Intellicheck in a report on Friday, October 18th. They issued a “buy” rating and a $8.00 price target for the company. Zacks Investment Research raised shares of Intellicheck from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a report on Wednesday, November 13th. Finally, Seaport Global Securities started coverage on shares of Intellicheck in a research report on Friday, October 18th. They issued a “buy” rating and a $8.00 target price on the stock.
Intellicheck (NYSEAMERICAN:IDN) last posted its quarterly earnings data on Thursday, November 7th. The industrial products company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. The firm had revenue of $1.93 million for the quarter, compared to analysts’ expectations of $1.56 million.
Large investors have recently modified their holdings of the company. Clear Harbor Asset Management LLC raised its stake in Intellicheck by 4.9% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 1,401,805 shares of the industrial products company’s stock valued at $6,995,000 after purchasing an additional 65,120 shares during the last quarter. Vanguard Group Inc. boosted its stake in 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 last quarter. Morgan Stanley boosted its stake in 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 last quarter. BlackRock Inc. boosted its stake in 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 last quarter. Finally, Cutter & CO Brokerage Inc. purchased a new stake in shares of Intellicheck during the second quarter worth $193,000.
Intellicheck Company Profile (NYSEAMERICAN:IDN)
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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