Zacks Investment Research lowered shares of Intellicheck Inc (NYSEAMERICAN:IDN) from a hold rating to a sell rating in a research report released on Friday morning.
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 equities research analysts also recently issued reports about the company. Oppenheimer Holdings, Inc. reaffirmed a buy rating and set a $4.00 price target on shares of Intellicheck in a research note on Wednesday. CIBC initiated coverage on Intellicheck in a research note on Wednesday, September 20th. They set an outperform rating and a $4.00 price target for the company. Northland Securities initiated coverage on Intellicheck in a research note on Wednesday, September 6th. They set an outperform rating and a $4.30 price target for the company. Finally, ValuEngine downgraded Intellicheck from a hold rating to a sell rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $4.10.
Intellicheck (NYSEAMERICAN:IDN) last announced its quarterly earnings data on Tuesday, November 14th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08). Intellicheck had a negative return on equity of 37.73% and a negative net margin of 115.48%. The firm had revenue of $0.97 million during the quarter, compared to the consensus estimate of $1.17 million.
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Several hedge funds have recently modified their holdings of IDN. First Eagle Investment Management LLC raised 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 acquiring an additional 1,146,432 shares in the last quarter. Clear Harbor Asset Management LLC raised its stake in shares of Intellicheck by 38.8% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 939,912 shares of the industrial products company’s stock valued at $3,525,000 after acquiring an additional 262,500 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Intellicheck by 81.1% in the 2nd 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 in the last quarter.
Intellicheck Company Profile
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.
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