Intellicheck (NYSE:IDN) Downgraded by StockNews.com to Sell

Intellicheck (NYSE:IDN) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Intellicheck Stock Down 1.9 %

Shares of IDN opened at $2.55 on Friday. The company has a market capitalization of $50.39 million, a price-to-earnings ratio of -85.00 and a beta of 1.90. Intellicheck has a 52-week low of $1.75 and a 52-week high of $4.46. The stock has a 50 day moving average price of $2.61 and a 200 day moving average price of $2.50.

Institutional Investors Weigh In On Intellicheck

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Topline Capital Management LLC acquired a new position in Intellicheck in the fourth quarter valued at $3,248,000. Captrust Financial Advisors acquired a new stake in shares of Intellicheck in the 4th quarter valued at about $676,000. Cutter & CO Brokerage Inc. purchased a new position in Intellicheck during the 4th quarter worth approximately $64,000. Corient Private Wealth LLC acquired a new position in Intellicheck during the fourth quarter worth approximately $56,000. Finally, Hilltop Holdings Inc. acquired a new position in Intellicheck during the third quarter worth approximately $43,000. 42.79% of the stock is currently owned by institutional investors and hedge funds.

Intellicheck Company Profile

Intellicheck, Inc, a technology company, provides on-demand digital identity validation solutions for KYC, fraud, and age verification needs in North America. The company offers solutions for digital and physical identities for financial services, fintech companies, BNPL providers, e-commerce and retail commerce businesses, law enforcement, and government agencies.