Intellicheck (NYSE:IDN) Shares Up 2.2% - Here's Why

Intellicheck, Inc. (NYSE:IDN - Get Free Report)'s share price traded up 2.2% during mid-day trading on Tuesday . The company traded as high as $2.80 and last traded at $2.73. 51,334 shares traded hands during trading, a decline of 22% from the average session volume of 66,023 shares. The stock had previously closed at $2.67.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a "buy" rating and set a $4.00 target price on shares of Intellicheck in a report on Thursday, November 14th.

Intellicheck Price Performance

The company's 50 day simple moving average is $2.77 and its two-hundred day simple moving average is $2.50. The company has a market cap of $50.59 million, a PE ratio of -85.33 and a beta of 1.82.

Hedge Funds Weigh In On Intellicheck

Several institutional investors have recently bought and sold shares of IDN. CIBC Private Wealth Group LLC increased its stake in Intellicheck by 9.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 64,336 shares of the company's stock worth $173,000 after buying an additional 5,760 shares during the period. Northern Trust Corp grew its stake in shares of Intellicheck by 20.7% in the fourth quarter. Northern Trust Corp now owns 33,925 shares of the company's stock worth $95,000 after acquiring an additional 5,827 shares in the last quarter. Wilkinson Global Asset Management LLC grew its stake in shares of Intellicheck by 4.8% in the third quarter. Wilkinson Global Asset Management LLC now owns 191,577 shares of the company's stock worth $416,000 after acquiring an additional 8,772 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Intellicheck by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 199,835 shares of the company's stock worth $560,000 after acquiring an additional 9,166 shares during the period. Finally, Garden State Investment Advisory Services LLC raised its stake 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 acquiring an additional 9,500 shares in the last quarter. 42.79% of the stock is 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.