Seaport Global Securities began coverage on shares of Intellicheck (NYSEAMERICAN:IDN) in a research note issued to investors on Friday, TipRanks reports. The brokerage issued a buy rating and a $8.00 price target on the industrial products company’s stock.
A number of other brokerages have also issued reports on IDN. B. Riley initiated coverage on Intellicheck in a research report on Friday. They issued a buy rating and a $8.00 target price on the stock. Zacks Investment Research raised Intellicheck from a hold rating to a buy rating and set a $5.25 target price on the stock in a research report on Wednesday, August 7th. Finally, Northland Securities reissued a buy rating and issued a $7.00 target price on shares of Intellicheck in a research report on Friday, August 2nd.
NYSEAMERICAN IDN traded up $0.23 on Friday, reaching $5.15. The stock had a trading volume of 26,820 shares, compared to its average volume of 37,757. Intellicheck has a 12-month low of $1.91 and a 12-month high of $6.92.
Several institutional investors have recently bought and sold shares of the company. Clear Harbor Asset Management LLC increased its position in shares of Intellicheck by 0.6% during the second quarter. Clear Harbor Asset Management LLC now owns 1,336,685 shares of the industrial products company’s stock worth $7,739,000 after acquiring an additional 7,575 shares during the period. Vanguard Group Inc. increased its position in shares of Intellicheck by 2.7% during the second quarter. Vanguard Group Inc. now owns 323,480 shares of the industrial products company’s stock worth $1,873,000 after acquiring an additional 8,498 shares during the period. Cutter & CO Brokerage Inc. purchased a new stake in shares of Intellicheck during the second quarter worth $193,000. BlackRock Inc. increased its position in shares of Intellicheck by 784.1% during the second quarter. BlackRock Inc. now owns 50,285 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 44,597 shares during the period. Finally, Morgan Stanley increased its position in shares of Intellicheck by 115,798.5% during the second quarter. Morgan Stanley now owns 300,177 shares of the industrial products company’s stock worth $1,738,000 after acquiring an additional 299,918 shares during the period.
Intellicheck Company Profile
Intellicheck, Inc, a technology company, develops, integrates, and markets threat identification and identity authentication solutions for retail fraud prevention, law enforcement threat identification, and mobile and handheld access control and security systems primarily in the United States. It provides identity systems products, including commercial identification products, such as ID Check SDK for software developers; Retail ID, an authentication solution that authenticates identification documents; Retail ID Online, authenticates an online user's identification documents; Retail ID Mobile that provides the fraud reduction benefits of Retail ID; Age ID, a designation for various hand held devices; Guest ID, a software application that speeds up check-in and ID verification at hotels and motels; ID Check POS, a software application that runs on various VeriFone devices; ID Check BHO, a browser helper object for Microsoft browser; ID Check PC, a standalone software solution; State Aware software; software products for data collection devices; and instant credit application kiosk software applications.
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