A number of other equities research analysts have also issued reports on INVE. Imperial Capital reissued an outperform rating on shares of Identiv in a research note on Friday, August 2nd. Oppenheimer started coverage on Identiv in a research report on Tuesday, April 30th. They set an outperform rating and a $7.00 target price for the company. Roth Capital reaffirmed a buy rating on shares of Identiv in a research report on Monday, August 5th. TheStreet raised Identiv from a d rating to a c rating in a research report on Friday, May 10th. Finally, Northland Securities reaffirmed a buy rating on shares of Identiv in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Identiv currently has a consensus rating of Buy and a consensus target price of $8.43.
Shares of INVE stock opened at $5.16 on Friday. Identiv has a 52-week low of $3.34 and a 52-week high of $6.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.31 and a quick ratio of 0.89. The company has a market cap of $90.83 million, a price-to-earnings ratio of -17.20 and a beta of 1.68. The business’s 50 day simple moving average is $4.93.
Identiv (NASDAQ:INVE) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. Identiv had a negative return on equity of 0.42% and a negative net margin of 0.38%. The firm had revenue of $22.24 million during the quarter, compared to analyst estimates of $22.76 million. During the same period last year, the company earned ($0.18) EPS.
In other news, CEO Steven Humphreys bought 10,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was acquired at an average cost of $4.97 per share, with a total value of $49,700.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.90% of the company’s stock.
Several large investors have recently made changes to their positions in INVE. Granite Investment Partners LLC purchased a new position in shares of Identiv in the 1st quarter valued at $740,000. BlackRock Inc. increased its holdings in shares of Identiv by 4.0% in the 2nd quarter. BlackRock Inc. now owns 294,438 shares of the technology company’s stock valued at $1,508,000 after acquiring an additional 11,214 shares during the period. Deutsche Bank AG increased its holdings in shares of Identiv by 30.8% in the 4th quarter. Deutsche Bank AG now owns 47,380 shares of the technology company’s stock valued at $170,000 after acquiring an additional 11,165 shares during the period. Hollencrest Capital Management increased its holdings in shares of Identiv by 7.7% in the 1st quarter. Hollencrest Capital Management now owns 42,105 shares of the technology company’s stock valued at $212,000 after acquiring an additional 3,000 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Identiv by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 31,769 shares of the technology company’s stock valued at $114,000 after acquiring an additional 2,100 shares during the period. Institutional investors and hedge funds own 32.02% of the company’s stock.
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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