Identiv, Inc. (NASDAQ:INVE) has been given a $10.00 target price by equities researchers at Northland Securities in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the technology company’s stock. Northland Securities’ price target would suggest a potential upside of 94.61% from the company’s current price.

Identiv (NASDAQ:INVE) traded down 0.56% during trading on Monday, reaching $5.11. The company’s stock had a trading volume of 964 shares. The stock has a 50-day moving average of $5.28 and a 200 day moving average of $5.42. The firm’s market capitalization is $57.30 million. Identiv has a one year low of $1.85 and a one year high of $7.81.

Identiv (NASDAQ:INVE) last posted its quarterly earnings results on Wednesday, May 10th. The technology company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.09. Identiv had a negative return on equity of 128.41% and a negative net margin of 9.56%. The firm had revenue of $13.39 million during the quarter, compared to analysts’ expectations of $13.16 million. During the same quarter last year, the firm earned ($0.83) earnings per share. On average, equities research analysts predict that Identiv will post ($0.15) EPS for the current fiscal year.

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In other Identiv news, Director Nina B. Shapiro acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was bought at an average cost of $5.52 per share, for a total transaction of $55,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of INVE. UBS Group AG raised its position 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 valued at $110,000 after buying an additional 1,579 shares during the last quarter. Hollencrest Securities LLC raised its position in shares of Identiv by 11.3% in the second quarter. Hollencrest Securities LLC now owns 29,605 shares of the technology company’s stock valued at $155,000 after buying an additional 3,000 shares during the last quarter. Essex Investment Management Co. LLC raised its position in shares of Identiv by 10.1% in the second quarter. Essex Investment Management Co. LLC now owns 160,680 shares of the technology company’s stock valued at $844,000 after buying an additional 14,745 shares during the last quarter. Royce & Associates LP raised its position in shares of Identiv by 3.9% in the second quarter. Royce & Associates LP now owns 432,899 shares of the technology company’s stock valued at $775,000 after buying an additional 16,370 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Identiv by 14.4% in the first quarter. Renaissance Technologies LLC now owns 136,060 shares of the technology company’s stock valued at $294,000 after buying an additional 17,100 shares during the last quarter. Institutional investors own 14.82% of the company’s stock.

Identiv Company Profile

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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