Bryan Lewis Purchases 9,500 Shares of Intellicheck, Inc. (NYSE:IDN) Stock

Intellicheck, Inc. (NYSE:IDN) CEO Bryan Lewis acquired 9,500 shares of the stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $2.09 per share, with a total value of $19,855.00. Following the completion of the purchase, the chief executive officer now owns 21,982 shares of the company’s stock, valued at $45,942.38. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Intellicheck Stock Down 6.5 %

Shares of IDN stock opened at $2.03 on Thursday. The firm has a market cap of $39.52 million, a P/E ratio of -40.60 and a beta of 1.98. The company has a 50 day moving average of $2.71 and a 200-day moving average of $2.89. Intellicheck, Inc. has a 12-month low of $1.56 and a 12-month high of $4.46.

Intellicheck (NYSE:IDN) last released its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $4.67 million during the quarter, compared to the consensus estimate of $4.91 million. Intellicheck had a negative return on equity of 2.05% and a negative net margin of 2.36%. During the same period last year, the business posted ($0.04) earnings per share. As a group, equities analysts expect that Intellicheck, Inc. will post -0.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. HC Wainwright decreased their price target on Intellicheck from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, August 9th. StockNews.com lowered shares of Intellicheck from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Finally, DA Davidson lowered shares of Intellicheck from a “buy” rating to a “neutral” rating and dropped their price target for the company from $5.00 to $2.00 in a research report on Friday, August 9th.

Institutional Investors Weigh In On Intellicheck

Institutional investors have recently added to or reduced their stakes in the business. Truist Financial Corp increased its stake in shares of Intellicheck by 21.8% in the fourth quarter. Truist Financial Corp now owns 37,279 shares of the company’s stock worth $71,000 after purchasing an additional 6,667 shares in the last quarter. Wilkinson Global Asset Management LLC grew its stake in Intellicheck by 9.2% in the 4th quarter. Wilkinson Global Asset Management LLC now owns 158,395 shares of the company’s stock valued at $301,000 after buying an additional 13,333 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Intellicheck during the 1st quarter valued at $43,000. AIGH Capital Management LLC lifted its position in shares of Intellicheck by 16.8% during the second quarter. AIGH Capital Management LLC now owns 1,767,732 shares of the company’s stock worth $6,046,000 after acquiring an additional 253,706 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in shares of Intellicheck in the second quarter worth $47,000. 42.79% of the stock is owned by hedge funds and other institutional investors.

About Intellicheck

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.