Equities research analysts expect that Identiv Inc (NASDAQ:INVE) will post ($0.14) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Identiv’s earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.12). Identiv reported earnings per share of ($0.26) in the same quarter last year, which would suggest a positive year over year growth rate of 46.2%. The company is scheduled to announce its next earnings report on Thursday, August 10th.

On average, analysts expect that Identiv will report full-year earnings of ($0.22) per share for the current year, with EPS estimates ranging from ($0.29) to ($0.16). For the next financial year, analysts expect that the business will post earnings of ($0.16) per share, with EPS estimates ranging from ($0.21) to ($0.10). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Identiv.

Identiv (NASDAQ:INVE) last issued its earnings results on Wednesday, May 10th. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.09. Identiv had a negative return on equity of 252.68% and a negative net margin of 58.03%. The firm had revenue of $13.39 million for the quarter, compared to the consensus estimate of $13.16 million. During the same quarter in the prior year, the business earned ($0.83) earnings per share.

A number of equities research analysts have weighed in on the company. Imperial Capital lifted their price objective on Identiv from $3.00 to $7.00 and gave the company an “in-line” rating in a report on Tuesday, April 4th. Zacks Investment Research raised Identiv from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a report on Monday, March 13th.

Shares of Identiv (NASDAQ:INVE) traded down 3.7436% during mid-day trading on Wednesday, hitting $4.8802. The stock had a trading volume of 7,525 shares. The firm’s market cap is $54.21 million. The firm has a 50 day moving average price of $6.22 and a 200 day moving average price of $4.56. Identiv has a 52-week low of $1.61 and a 52-week high of $7.81.

Several large investors have recently bought and sold shares of the stock. Royce & Associates LP increased its stake in Identiv by 24.7% in the fourth quarter. Royce & Associates LP now owns 596,589 shares of the technology company’s stock worth $1,897,000 after buying an additional 118,190 shares during the last quarter. Renaissance Technologies LLC increased its stake in Identiv by 32.0% in the fourth quarter. Renaissance Technologies LLC now owns 234,940 shares of the technology company’s stock worth $747,000 after buying an additional 56,980 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in Identiv by 163.1% in the first quarter. Essex Investment Management Co. LLC now owns 145,935 shares of the technology company’s stock worth $1,030,000 after buying an additional 90,462 shares during the last quarter. EAM Investors LLC bought a new stake in Identiv during the first quarter worth about $688,000. Finally, Vanguard Group Inc. increased its stake in Identiv by 3.3% in the first quarter. Vanguard Group Inc. now owns 257,392 shares of the technology company’s stock worth $1,817,000 after buying an additional 8,170 shares during the last quarter. Institutional investors own 13.44% of the company’s stock.

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About Identiv

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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