Identiv Inc (NASDAQ:INVE) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 59,600 shares, an increase of 7.4% from the September 30th total of 55,500 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 39,400 shares, the short-interest ratio is currently 1.5 days.
Shares of Identiv stock traded up $0.01 during trading on Friday, hitting $5.07. The stock had a trading volume of 18,200 shares, compared to its average volume of 51,725. The company has a current ratio of 1.33, a quick ratio of 0.93 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average is $4.88 and its 200 day moving average is $4.95. The firm has a market cap of $84.31 million, a price-to-earnings ratio of -16.90 and a beta of 1.44. Identiv has a 12 month low of $3.34 and a 12 month high of $6.38.
Identiv (NASDAQ:INVE) last posted its earnings results on Thursday, November 7th. The technology company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.03. The company had revenue of $23.03 million during the quarter, compared to analyst estimates of $25.32 million. Identiv had a net margin of 1.21% and a return on equity of 3.00%. During the same period in the prior year, the business posted ($0.02) earnings per share. As a group, equities analysts expect that Identiv will post 0.03 EPS for the current year.
Several institutional investors have recently bought and sold shares of INVE. River & Mercantile Asset Management LLP purchased a new stake in shares of Identiv during the second quarter worth about $3,205,000. Penbrook Management LLC purchased a new stake in shares of Identiv during the third quarter worth about $129,000. Morgan Stanley boosted its holdings in shares of Identiv by 707.3% during the second quarter. Morgan Stanley now owns 16,994 shares of the technology company’s stock worth $87,000 after purchasing an additional 14,889 shares during the period. BlackRock Inc. boosted its holdings in shares of Identiv by 4.0% during the second quarter. BlackRock Inc. now owns 294,438 shares of the technology company’s stock worth $1,508,000 after purchasing an additional 11,214 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Identiv by 0.5% during the second quarter. Vanguard Group Inc. now owns 504,401 shares of the technology company’s stock worth $2,583,000 after purchasing an additional 2,701 shares during the period. Institutional investors own 31.51% of the company’s stock.
INVE has been the topic of several recent research reports. ValuEngine upgraded Identiv from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Maxim Group set a $9.00 target price on Identiv and gave the stock a “buy” rating in a research report on Friday, August 9th. Northland Securities restated a “buy” rating on shares of Identiv in a research report on Friday, August 9th. Roth Capital reaffirmed a “buy” rating on shares of Identiv in a report on Monday, August 5th. Finally, Zacks Investment Research raised shares of Identiv from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a report on Tuesday. Eight research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $8.25.
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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