Several other equities research analysts have also issued reports on the stock. Maxim Group set a $9.00 price target on shares of Identiv and gave the company a “buy” rating in a research note on Friday, August 9th. Imperial Capital lifted their price target on shares of Identiv from $8.75 to $9.50 and gave the company a “positive” rating in a research note on Monday, August 12th. Northland Securities restated a “buy” rating on shares of Identiv in a research note on Friday, August 9th. National Securities started coverage on shares of Identiv in a research note on Tuesday, July 16th. They set a “buy” rating and a $8.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Identiv from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Identiv presently has a consensus rating of “Buy” and an average price target of $8.29.
Shares of NASDAQ INVE traded down $0.01 during midday trading on Tuesday, reaching $4.77. 26,260 shares of the stock were exchanged, compared to its average volume of 39,285. The company has a market capitalization of $81.45 million, a price-to-earnings ratio of -15.90 and a beta of 1.39. Identiv has a 12 month low of $3.34 and a 12 month high of $6.87. The business has a 50-day simple moving average of $4.98 and a two-hundred day simple moving average of $4.97. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.33 and a quick ratio of 0.93.
Identiv (NASDAQ:INVE) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. Identiv had a negative net margin of 0.38% and a negative return on equity of 0.41%. The business had revenue of $22.24 million for the quarter, compared to analysts’ expectations of $22.76 million. During the same period in the previous year, the firm posted ($0.18) EPS.
Large investors have recently modified their holdings of the stock. Morgan Stanley lifted its stake in Identiv by 707.3% in the 2nd quarter. Morgan Stanley now owns 16,994 shares of the technology company’s stock valued at $87,000 after purchasing an additional 14,889 shares during the last quarter. Penbrook Management LLC bought a new position in Identiv in the 3rd quarter valued at approximately $129,000. Hollencrest Capital Management increased its position in Identiv by 7.7% in the 1st quarter. Hollencrest Capital Management now owns 42,105 shares of the technology company’s stock valued at $212,000 after acquiring an additional 3,000 shares during the period. Deutsche Bank AG increased its position in Identiv by 30.8% in the 4th quarter. Deutsche Bank AG now owns 47,380 shares of the technology company’s stock valued at $170,000 after acquiring an additional 11,165 shares during the period. Finally, Granite Investment Partners LLC acquired a new position in Identiv in the 1st quarter valued at approximately $740,000. 35.01% of the stock is owned by institutional investors and hedge funds.
Identiv Company Profile
Identiv, Inc operates as a security technology company that secures and manages access to physical places, things, and information primarily in the Americas, Europe, the Middle-East, and the Asia-Pacific. Its Premises segment offers modular Hirsch MX controllers that allow customers to start with a small system and expand over time; Hirsch Velocity software platform for centralized management of access and security operations across an organization; federal identity, credential and acess management architecture, an access control system; TouchSecure door readers that provide various features to support security standards; and global services to support system design, deployment, and managed services across customers premises security lifecycle.
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