Identiv (NASDAQ:INVE) Upgraded to “Buy” by ValuEngine

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ValuEngine upgraded shares of Identiv (NASDAQ:INVE) from a hold rating to a buy rating in a report released on Tuesday morning, ValuEngine reports.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Identiv from a hold rating to a buy rating and set a $5.75 price objective on the stock in a research report on Thursday, August 15th. Northland Securities restated a buy rating on shares of Identiv in a research report on Friday, August 9th. Imperial Capital raised their price objective on shares of Identiv from $8.75 to $9.50 and gave the company a positive rating in a research report on Monday, August 12th. Roth Capital restated a buy rating on shares of Identiv in a research report on Monday, August 5th. Finally, National Securities initiated coverage on shares of Identiv in a research report on Tuesday, July 16th. They set a buy rating and a $8.00 price objective on the stock. Eight analysts have rated the stock with a buy rating, Identiv presently has a consensus rating of Buy and an average price target of $8.38.

Shares of INVE stock opened at $5.12 on Tuesday. The company has a market capitalization of $89.01 million, a price-to-earnings ratio of -17.07 and a beta of 1.44. Identiv has a one year low of $3.34 and a one year high of $6.87. The company’s fifty day moving average price is $4.94 and its 200-day moving average price is $5.01. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.33 and a quick ratio of 0.93.

Identiv (NASDAQ:INVE) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $22.24 million for the quarter, compared to the consensus estimate of $22.76 million. Identiv had a negative net margin of 0.38% and a negative return on equity of 0.41%. During the same period last year, the firm earned ($0.18) EPS.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its holdings in Identiv by 707.3% in the 2nd quarter. Morgan Stanley now owns 16,994 shares of the technology company’s stock valued at $87,000 after acquiring an additional 14,889 shares during the last quarter. Deutsche Bank AG increased 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 valued at $170,000 after acquiring an additional 11,165 shares during the last quarter. Hollencrest Capital Management increased 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 valued at $212,000 after acquiring an additional 3,000 shares during the last quarter. Granite Investment Partners LLC bought a new stake in Identiv in the 1st quarter valued at $740,000. Finally, BlackRock Inc. increased its holdings in 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 last quarter. Institutional investors own 35.01% of the company’s stock.

Identiv Company Profile

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.

Read More: Understanding the Price to Earnings Ratio (PE)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Identiv (NASDAQ:INVE)

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