Intellicheck (NYSE:IDN) Trading 2.5% Higher - Here's Why

Intellicheck, Inc. (NYSE:IDN - Get Free Report) shot up 2.5% during mid-day trading on Friday . The stock traded as high as $2.91 and last traded at $2.90. 137,241 shares traded hands during trading, a decline of 16% from the average session volume of 163,171 shares. The stock had previously closed at $2.83.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a "buy" rating and issued a $4.00 price objective on shares of Intellicheck in a report on Thursday, November 14th.

Intellicheck Price Performance

The company has a 50 day moving average of $2.68 and a two-hundred day moving average of $2.63. The company has a market capitalization of $57.31 million, a PE ratio of -96.67 and a beta of 1.81.

Institutional Trading of Intellicheck

A number of hedge funds have recently bought and sold shares of the company. Wilkinson Global Asset Management LLC raised its position in Intellicheck by 4.9% in the second quarter. Wilkinson Global Asset Management LLC now owns 182,805 shares of the company's stock worth $625,000 after acquiring an additional 8,621 shares during the period. AIGH Capital Management LLC increased its stake in shares of Intellicheck by 16.8% in the 2nd quarter. AIGH Capital Management LLC now owns 1,767,732 shares of the company's stock worth $6,046,000 after purchasing an additional 253,706 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Intellicheck in the 2nd quarter worth $47,000. Garden State Investment Advisory Services LLC lifted its position in Intellicheck by 3.7% during the third quarter. Garden State Investment Advisory Services LLC now owns 269,357 shares of the company's stock valued at $585,000 after purchasing an additional 9,500 shares in the last quarter. Finally, Hilltop Holdings Inc. bought a new stake in Intellicheck during the third quarter valued at about $43,000. Hedge funds and other institutional investors own 42.79% of the company's stock.

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.