In a report released yesterday, Michael Grondahl from Northland Securities maintained a Buy rating on Intellicheck Mobilisia (IDN), with a price target of $10.00. The company’s shares closed last Wednesday at $8.50.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 16.3% and a 60.4% success rate. Grondahl covers the Financial sector, focusing on stocks such as Altisource Portfolio Solutions SA, International Money Express, and Front Yard Residential.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Intellicheck Mobilisia with a $10.67 average price target, which is a 26.0% upside from current levels. In a report issued on November 2, H.C. Wainwright also initiated coverage with a Buy rating on the stock with a $12.00 price target.
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Based on Intellicheck Mobilisia’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.84 million and GAAP net loss of $760.3K. In comparison, last year the company earned revenue of $1.56 million and had a GAAP net loss of $873.7K.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IDN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Intellicheck, Inc. engages in the development, integration, and marketing of identity authentication systems for various applications including mobile, handheld and integrated systems for the government, military and commercial markets. Its products include ID-Check, Retail ID, and Age ID, a patented technology that instantly reads, analyzes, and verifies encoded data in magnetic stripes and barcodes on government-issue IDs from U.S. and Canadian jurisdictions. The company was founded in 1994 and is headquartered in Melville, NY.
