Intellicheck (NYSEAMERICAN:IDN) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Intellicheck (NYSEAMERICAN:IDN) from a hold rating to a buy rating in a report released on Wednesday morning, reports. Zacks Investment Research currently has $5.25 price objective on the industrial products company’s stock.

According to Zacks, “Intellicheck Mobilisa is a leading technology company, developing and marketing wireless technology and identity systems for various applications including: mobile and handheld wireless devices for the government, military and commercial markets. Products include the Defense ID system, an advanced ID card access control product currently protecting over 70 military and federal locations. ID-Check is a technology that instantly reads, analyzes, and verifies encoded data in magnetic stripes and barcodes on government-issue IDs from approximately 60 U.S. and Canadian jurisdictions to determine if the content and format are valid. The company’s products are used to address government and commercial fraud, focusing on age verification, secure access control and software tools, driver’s license readers, and ID validation markets. Intelli-Check Mobilisa sells its products through its direct sales force and marketing partners. The company is headquartered in Port Townsend, Washington. “

Separately, Northland Securities reiterated a buy rating and set a $7.00 price target on shares of Intellicheck in a research note on Friday, August 2nd.

Shares of IDN opened at $4.18 on Wednesday. Intellicheck has a twelve month low of $1.88 and a twelve month high of $6.92.

Intellicheck (NYSEAMERICAN:IDN) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.01. The firm had revenue of $1.56 million during the quarter, compared to analyst estimates of $1.38 million.

An institutional investor recently raised its position in Intellicheck stock. Clear Harbor Asset Management LLC increased its stake in shares of Intellicheck Inc (NYSEAMERICAN:IDN) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,336,685 shares of the industrial products company’s stock after acquiring an additional 7,575 shares during the quarter. Intellicheck comprises approximately 1.6% of Clear Harbor Asset Management LLC’s portfolio, making the stock its 11th largest holding. Clear Harbor Asset Management LLC owned about 8.49% of Intellicheck worth $7,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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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