Intellicheck, Inc. (NYSE:IDN) Shares Bought by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC raised its position in shares of Intellicheck, Inc. (NYSE:IDN) by 9.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 64,336 shares of the company’s stock after acquiring an additional 5,760 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Intellicheck were worth $173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Garden State Investment Advisory Services LLC raised its position in shares of Intellicheck by 3.7% in the third quarter. Garden State Investment Advisory Services LLC now owns 269,357 shares of the company’s stock valued at $585,000 after buying an additional 9,500 shares during the last quarter. Wilkinson Global Asset Management LLC lifted its stake in Intellicheck by 7.2% in the 4th quarter. Wilkinson Global Asset Management LLC now owns 205,402 shares of the company’s stock worth $575,000 after purchasing an additional 13,825 shares in the last quarter. Cutter & CO Brokerage Inc. purchased a new stake in shares of Intellicheck in the fourth quarter valued at approximately $64,000. Corient Private Wealth LLC purchased a new stake in shares of Intellicheck in the fourth quarter valued at approximately $56,000. Finally, Hilltop Holdings Inc. acquired a new stake in shares of Intellicheck in the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Intellicheck Stock Performance

NYSE:IDN opened at $2.44 on Monday. Intellicheck, Inc. has a fifty-two week low of $1.92 and a fifty-two week high of $4.46. The company has a 50 day moving average price of $2.61 and a 200 day moving average price of $2.56. The stock has a market capitalization of $48.35 million, a P/E ratio of -81.33 and a beta of 1.41.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on IDN shares. StockNews.com assumed coverage on shares of Intellicheck in a research report on Sunday. They set a “sell” rating on the stock. HC Wainwright restated a “buy” rating and issued a $4.00 price objective on shares of Intellicheck in a report on Friday, March 21st.

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.