Shares of Identiv Inc (NASDAQ:INVE) have earned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $7.95.
A number of equities analysts recently commented on the company. Oppenheimer assumed coverage on Identiv in a report on Tuesday, April 30th. They issued an “outperform” rating and a $7.00 price objective on the stock. Zacks Investment Research upgraded Identiv from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research note on Wednesday, February 27th. ValuEngine upgraded Identiv from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Maxim Group restated a “buy” rating on shares of Identiv in a research note on Friday, May 10th. Finally, Northland Securities restated a “buy” rating on shares of Identiv in a research note on Friday, March 8th.
A number of institutional investors have recently added to or reduced their stakes in INVE. Granite Investment Partners LLC bought a new position in Identiv in the first quarter valued at about $740,000. Renaissance Technologies LLC boosted its holdings in Identiv by 20.7% in the third quarter. Renaissance Technologies LLC now owns 399,939 shares of the technology company’s stock valued at $2,384,000 after acquiring an additional 68,676 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Identiv in the third quarter valued at about $205,000. Wellington Management Group LLP boosted its holdings in Identiv by 6.3% during the first quarter. Wellington Management Group LLP now owns 455,421 shares of the technology company’s stock worth $2,295,000 after buying an additional 27,147 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Identiv by 107.6% during the third quarter. Dimensional Fund Advisors LP now owns 29,669 shares of the technology company’s stock worth $177,000 after buying an additional 15,378 shares during the last quarter. Hedge funds and other institutional investors own 31.16% of the company’s stock.
Shares of INVE traded up $0.17 during trading hours on Friday, reaching $5.15. The company’s stock had a trading volume of 17,953 shares, compared to its average volume of 23,006. The company has a market capitalization of $83.15 million, a price-to-earnings ratio of -17.17 and a beta of 1.80. Identiv has a 1-year low of $3.34 and a 1-year high of $6.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.31 and a quick ratio of 0.97.
Identiv (NASDAQ:INVE) last issued its earnings results on Thursday, May 9th. The technology company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $19.52 million for the quarter, compared to the consensus estimate of $19.41 million. Identiv had a negative return on equity of 5.46% and a negative net margin of 3.96%.
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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