Identiv, Inc. (NASDAQ:INVE) – Equities research analysts at Imperial Capital issued their FY2017 earnings estimates for shares of Identiv in a note issued to investors on Tuesday. Imperial Capital analyst J. Kessler expects that the technology company will earn ($0.34) per share for the year. Imperial Capital also issued estimates for Identiv’s Q4 2017 earnings at ($0.06) EPS, Q1 2018 earnings at ($0.07) EPS, Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at ($0.03) EPS, FY2018 earnings at ($0.21) EPS and FY2019 earnings at ($0.11) EPS.
INVE has been the topic of a number of other reports. Zacks Investment Research cut shares of Identiv from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. ValuEngine cut shares of Identiv from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Finally, Northland Securities set a $10.00 price target on shares of Identiv and gave the company a “buy” rating in a research report on Monday, August 7th.
Identiv (NASDAQ:INVE) opened at $3.37 on Thursday. Identiv has a 52-week low of $2.41 and a 52-week high of $7.81. The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 0.21.
Institutional investors have recently modified their holdings of the company. UBS Group AG grew its holdings in shares of Identiv by 11.3% in the first quarter. UBS Group AG now owns 15,579 shares of the technology company’s stock worth $110,000 after purchasing an additional 1,579 shares during the last quarter. Sterling Capital Management LLC bought a new position in shares of Identiv in the second quarter worth approximately $111,000. Emancipation Management LLC bought a new position in shares of Identiv in the second quarter worth approximately $111,000. Northern Trust Corp grew its holdings in shares of Identiv by 43.5% in the second quarter. Northern Trust Corp now owns 23,429 shares of the technology company’s stock worth $123,000 after purchasing an additional 7,104 shares during the last quarter. Finally, White Pine Capital LLC bought a new position in shares of Identiv in the second quarter worth approximately $192,000. Hedge funds and other institutional investors own 32.85% of the company’s stock.
In other Identiv news, Director Gary Kremen purchased 10,000 shares of Identiv stock in a transaction on Wednesday, September 13th. The shares were acquired at an average cost of $4.37 per share, for a total transaction of $43,700.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.30% of the stock is owned by company insiders.
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Identiv, Inc is a global security technology company. The Company operates through four segments: Physical access control systems (PACS), Identity, Credentials and All Other. PACS segment provides solutions and services that enable the issuance, management and use of secure identity credentials in diverse markets.
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