Identiv Inc. (NASDAQ:INVE) Given $4.00 Consensus Target Price by Analysts

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 company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokerages have set a 12 month 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 100 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised Identiv from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a report on Tuesday, August 16th.

A hedge fund recently raised its stake in Identiv stock. Renaissance Technologies LLC raised its position in Identiv Inc. (NASDAQ:INVE) by 14.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 approximately 1.25% of Identiv worth $294,000 as of its most recent filing with the SEC. 13.43% of the stock is currently owned by institutional investors and hedge funds.

Identiv (NASDAQ:INVE) opened at 2.16 on Wednesday. The firm’s 50-day moving average price is $2.12 and its 200 day moving average price is $2.14. Identiv has a 52-week low of $1.39 and a 52-week high of $4.07. The stock’s market cap is $23.66 million.

Identiv (NASDAQ:INVE) last posted its earnings results on Thursday, August 11th. The company reported ($0.27) EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 last year, the firm earned ($0.67) earnings per share. Equities analysts predict that Identiv will post ($1.37) earnings per share for the current year.

About Identiv

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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