Identiv, Inc. to Post FY2017 Earnings of ($0.34) Per Share, Imperial Capital Forecasts (INVE)
Identiv, Inc. (NASDAQ:INVE) – Equities research analysts at Imperial Capital issued their FY2017 earnings per share (EPS) estimates for Identiv in a research note issued to investors on Tuesday. Imperial Capital analyst J. Kessler anticipates 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.
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Identiv (NASDAQ INVE) opened at $3.52 on Thursday. The company has a current ratio of 1.75, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. Identiv has a 12 month low of $2.41 and a 12 month high of $7.81.
A number of institutional investors have recently added to or reduced their stakes in INVE. First Eagle Investment Management LLC boosted its holdings in Identiv by 1,584.6% in the second quarter. First Eagle Investment Management LLC now owns 1,095,000 shares of the technology company’s stock worth $5,749,000 after acquiring an additional 1,030,000 shares in the last quarter. AWM Investment Company Inc. bought a new stake in Identiv in the second quarter worth $3,293,000. Essex Investment Management Co. LLC boosted its holdings in Identiv by 64.3% in the third quarter. Essex Investment Management Co. LLC now owns 263,974 shares of the technology company’s stock worth $1,225,000 after acquiring an additional 103,294 shares in the last quarter. Royce & Associates LP boosted its holdings in Identiv by 15.0% in the second quarter. Royce & Associates LP now owns 755,086 shares of the technology company’s stock worth $3,964,000 after acquiring an additional 98,497 shares in the last quarter. Finally, Manatuck Hill Partners LLC lifted its holdings in shares of Identiv by 170.0% during the second quarter. Manatuck Hill Partners LLC now owns 135,000 shares of the technology company’s stock valued at $709,000 after purchasing an additional 85,000 shares in the last quarter. 32.85% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Gary Kremen bought 10,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were acquired at an average cost of $4.37 per share, with a total value of $43,700.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 12.30% of the stock is owned by corporate insiders.
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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