Analysts Anticipate Identiv Inc. (INVE) to Announce ($0.14) EPS
Shares of Identiv Inc. (NASDAQ:INVE) have been given a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokerages have set a 1-year consensus price target of $4.00 for the company and are expecting that the company will post ($0.14) EPS for the current quarter, according to Zacks. Zacks has also assigned Identiv an industry rank of 200 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of Identiv from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
An institutional investor recently raised its position in Identiv stock. Renaissance Technologies LLC increased its stake in Identiv Inc. (NASDAQ:INVE) by 14.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 136,060 shares of the company’s stock after buying an additional 17,100 shares during the period. Renaissance Technologies LLC owned 1.25% of Identiv worth $294,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 13.34% of the company’s stock.
Identiv (NASDAQ:INVE) remained flat at $2.17 during trading on Tuesday. The company’s stock had a trading volume of 10,283 shares. Identiv has a 52-week low of $1.39 and a 52-week high of $3.80. The company’s market capitalization is $23.77 million. The company has a 50-day moving average of $2.13 and a 200-day moving average of $2.14.
Identiv (NASDAQ:INVE) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.23. Identiv had a negative net margin of 66.08% and a negative return on equity of 168.95%. During the same period in the previous year, the company posted ($0.67) earnings per share. On average, equities research analysts predict that Identiv will post ($1.37) EPS for the current year.
Identiv Company Profile
Identiv, Inc, formerly Identive Group Inc, is a global security technology company. The Company provides trust solutions in the connected world, including premises, information and everyday items. The Company has four operational business segments: Premises, Identity, Credentials and All Other. The Company’s uTrust premises products offerings include MX controllers, Velocity management software and Touch Secure (TS) door readers.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Identiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Identiv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.