Ashton Thomas Private Wealth LLC Trims Stock Position in Intellicheck, Inc. (NYSE:IDN)

Ashton Thomas Private Wealth LLC cut its stake in shares of Intellicheck, Inc. (NYSE:IDN) by 16.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 117,864 shares of the company’s stock after selling 23,596 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Intellicheck were worth $403,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Truist Financial Corp raised its stake in Intellicheck by 21.8% during the 4th quarter. Truist Financial Corp now owns 37,279 shares of the company’s stock worth $71,000 after acquiring an additional 6,667 shares during the period. Wilkinson Global Asset Management LLC increased its stake in shares of 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 purchasing an additional 8,621 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Intellicheck during the 1st quarter valued at $43,000. Finally, AIGH Capital Management LLC lifted its stake in shares of Intellicheck by 16.8% during the 2nd quarter. AIGH Capital Management LLC now owns 1,767,732 shares of the company’s stock valued at $6,046,000 after buying an additional 253,706 shares in the last quarter. 42.79% of the stock is owned by hedge funds and other institutional investors.

Intellicheck Stock Performance

Shares of NYSE IDN opened at $2.03 on Thursday. The company has a market cap of $39.52 million, a P/E ratio of -40.60 and a beta of 1.98. Intellicheck, Inc. has a 52-week low of $1.56 and a 52-week high of $4.46. The firm’s fifty day moving average is $2.71 and its two-hundred day moving average is $2.89.

Intellicheck (NYSE:IDN) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $4.67 million during the quarter, compared to analyst estimates 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 quarter last year, the business posted ($0.04) earnings per share. As a group, analysts forecast that Intellicheck, Inc. will post -0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IDN. StockNews.com lowered Intellicheck from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. HC Wainwright cut their target price on Intellicheck from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, DA Davidson cut Intellicheck from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $5.00 to $2.00 in a report on Friday, August 9th.

Intellicheck 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.