Shares of Identiv Inc. (NASDAQ:INVE) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokerages have set a 12-month consensus price target of $4.00 for the company and are forecasting that the company will post ($0.14) EPS for the current quarter, according to Zacks. Zacks has also given Identiv an industry rank of 104 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded Identiv from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a report on Tuesday, August 16th.
A hedge fund recently raised its stake in Identiv stock. Renaissance Technologies LLC boosted its stake in Identiv Inc. (NASDAQ:INVE) by 14.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 136,060 shares of the company’s stock after buying an additional 17,100 shares during the period. Renaissance Technologies LLC owned approximately 1.25% of Identiv worth $294,000 as of its most recent SEC filing. 13.43% of the stock is currently owned by institutional investors and hedge funds.
Identiv (NASDAQ:INVE) traded up 3.21% during mid-day trading on Wednesday, hitting $2.25. The company’s stock had a trading volume of 12,317 shares. Identiv has a 52-week low of $1.39 and a 52-week high of $4.07. The company’s 50 day moving average is $2.09 and its 200-day moving average is $2.14. The stock’s market cap is $24.65 million.
Identiv (NASDAQ:INVE) last issued its quarterly earnings data on Thursday, August 11th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.23. Identiv had a negative return on equity of 168.95% and a negative net margin of 66.08%. During the same quarter in the prior year, the firm earned ($0.67) EPS. On average, equities analysts predict that Identiv will post ($1.37) EPS for the current fiscal year.
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.
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