Shares of Identiv Inc (NASDAQ:INVE) have been given a consensus recommendation of “Buy” by the seven analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $8.33.
INVE has been the subject of a number of recent research reports. ValuEngine raised shares of Identiv from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 15th. Northland Securities reissued a “buy” rating on shares of Identiv in a research report on Friday, March 8th. Zacks Investment Research downgraded shares of Identiv from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 21st. Oppenheimer initiated coverage on shares of Identiv in a research report on Tuesday, April 30th. They set an “outperform” rating and a $7.00 price objective for the company. Finally, Maxim Group reissued a “buy” rating on shares of Identiv in a research report on Friday.
Shares of INVE opened at $5.42 on Friday. The firm has a market cap of $87.69 million, a price-to-earnings ratio of -18.07 and a beta of 1.80. The company has a quick ratio of 0.97, a current ratio of 1.43 and a debt-to-equity ratio of 0.06. Identiv has a 1-year low of $3.34 and a 1-year high of $6.87.
Identiv (NASDAQ:INVE) last issued its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Identiv had a negative net margin of 6.02% and a negative return on equity of 10.62%. The firm had revenue of $19.52 million during the quarter, compared to the consensus estimate of $19.41 million.
A number of institutional investors have recently modified their holdings of INVE. Dimensional Fund Advisors LP boosted its holdings in Identiv by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 31,769 shares of the technology company’s stock worth $114,000 after buying an additional 2,100 shares during the period. Deutsche Bank AG boosted its holdings in Identiv by 30.8% in the 4th quarter. Deutsche Bank AG now owns 47,380 shares of the technology company’s stock worth $170,000 after buying an additional 11,165 shares during the period. JPMorgan Chase & Co. bought a new position in Identiv in the 3rd quarter worth $205,000. Hollencrest Capital Management boosted its holdings in Identiv by 7.7% in the 1st quarter. Hollencrest Capital Management now owns 42,105 shares of the technology company’s stock worth $212,000 after buying an additional 3,000 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Identiv by 20.7% in the 3rd quarter. Renaissance Technologies LLC now owns 399,939 shares of the technology company’s stock worth $2,384,000 after buying an additional 68,676 shares during the period. 31.22% of the stock is owned by institutional investors.
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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