Q4 2016 Earnings Forecast for Identiv Inc. Issued By Imperial Capital (INVE)
Identiv Inc. (NASDAQ:INVE) – Investment analysts at Imperial Capital issued their Q4 2016 EPS estimates for shares of Identiv in a note issued to investors on Monday. Imperial Capital analyst J. Kessler expects that the firm will post earnings of ($0.16) per share for the quarter. Imperial Capital has a “In-Line” rating and a $3.00 price objective on the stock. Imperial Capital also issued estimates for Identiv’s Q1 2017 earnings at ($0.53) EPS, Q2 2017 earnings at ($0.51) EPS, Q3 2017 earnings at ($0.50) EPS, Q4 2017 earnings at ($0.44) EPS and FY2017 earnings at ($1.98) EPS.
Separately, Zacks Investment Research upgraded Identiv from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research note on Tuesday, August 16th.
Identiv (NASDAQ:INVE) traded up 2.24% on Thursday, hitting $2.74. The stock had a trading volume of 56,449 shares. Identiv has a one year low of $1.39 and a one year high of $3.26. The stock’s market cap is $30.38 billion. The company’s 50-day moving average is $2.18 and its 200-day moving average is $2.13.
An institutional investor recently raised its position in Identiv stock. Royce & Associates LP increased its position in shares of Identiv Inc. (NASDAQ:INVE) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 432,899 shares of the company’s stock after buying an additional 16,370 shares during the period. Royce & Associates LP owned approximately 4.03% of Identiv worth $775,000 as of its most recent SEC filing. Institutional investors and hedge funds own 13.17% of the company’s stock.
Identiv Company Profile
Identiv, Inc is a global security technology company. The Company operates through four segments: Physical access control systems (PACS), Identity, Credentials and All Other. PACS segment provides solutions and services that enable the issuance, management and use of secure identity credentials in diverse markets.
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