Identiv (INVE) Lifted to Hold at Zacks Investment Research

Identiv (NASDAQ:INVE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Identiv Inc. is a global security technology company. It provides trust solutions in the connected world, including premises, information and everyday items. The Company’s trust solutions are implemented using standards-driven products and technology, such as hardware, software, digital certificates, and mobility and cloud services. Its products are used in corporate employee identification cards, company email, information technology networks and facility access control, in national ID cards and passports, transport passes, banking and other uses. Identiv Group, Inc., formerly known as Identive Group, Inc., is headquartered in Fremont, California. “

INVE has been the topic of a number of other research reports. Roth Capital began coverage on Identiv in a research note on Wednesday, August 1st. They set a “buy” rating and a $9.00 price objective on the stock. Lake Street Capital began coverage on Identiv in a research note on Tuesday, September 4th. They set a “buy” rating and a $9.00 price objective on the stock. Northland Securities restated a “buy” rating and set a $10.00 price objective on shares of Identiv in a research note on Sunday, August 12th. ValuEngine upgraded Identiv from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, Maxim Group began coverage on Identiv in a research note on Monday, July 9th. They set a “buy” rating and a $7.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Identiv currently has an average rating of “Buy” and an average price target of $7.90.

Identiv stock opened at $6.07 on Tuesday. Identiv has a one year low of $2.55 and a one year high of $6.70. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.08.

Identiv (NASDAQ:INVE) last posted its quarterly earnings data on Thursday, August 9th. The technology company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.06). Identiv had a negative return on equity of 28.82% and a negative net margin of 15.40%. The company had revenue of $20.29 million for the quarter, compared to the consensus estimate of $17.31 million. equities analysts forecast that Identiv will post -0.25 earnings per share for the current year.

A hedge fund recently bought a new stake in Identiv stock. Arnhold LLC purchased a new stake in Identiv Inc (NASDAQ:INVE) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 40,500 shares of the technology company’s stock, valued at approximately $151,000. Arnhold LLC owned about 0.27% of Identiv as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 29.67% of the company’s stock.

About Identiv

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.

Further Reading: Fundamental Analysis and Individual Investors

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