Identiv (INVE) Earns Daily News Impact Rating of 0.13
News articles about Identiv (NASDAQ:INVE) have been trending somewhat positive on Saturday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Identiv earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 47.3379596025847 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Identiv : Expands Partnership With PSA Security Network to Distribute Complete Portfolio of Hirsch Physical Security Solutions (4-traders.com)
- Identiv Expands Partnership with PSA Security Network (barcode.com)
- Identiv : to Present at Liolios 6th Annual Gateway Conference and Rodman & Renshaw 19th Annual Global Investment Conference (4-traders.com)
- Identiv to Present at Liolios 6th Annual Gateway Conference and Rodman & Renshaw Global Investment Conference (finance.yahoo.com)
- CONE Midstream Partners LP (NYSE:CNNX) Quant Investor Update (techkenyot.com)
A number of analysts have weighed in on the company. Zacks Investment Research downgraded Identiv from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Northland Securities set a $10.00 price target on Identiv and gave the stock a “buy” rating in a report on Monday, August 7th.
Shares of Identiv (INVE) traded up 3.50% during mid-day trading on Friday, reaching $5.03. The company’s stock had a trading volume of 34,297 shares. The firm’s market cap is $70.76 million. Identiv has a 12 month low of $1.90 and a 12 month high of $7.81. The company’s 50-day moving average is $5.19 and its 200 day moving average is $5.56.
Identiv (NASDAQ:INVE) last posted its quarterly earnings results on Thursday, August 10th. The technology company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. Identiv had a negative net margin of 7.53% and a negative return on equity of 50.00%. The business had revenue of $14.84 million during the quarter, compared to analyst estimates of $14.71 million. During the same quarter in the previous year, the business posted ($0.27) EPS. On average, equities analysts anticipate that Identiv will post ($0.18) EPS for the current year.
In other Identiv news, Director Nina B. Shapiro purchased 10,000 shares of Identiv stock in a transaction dated Wednesday, June 14th. The stock was acquired at an average price of $5.52 per share, for a total transaction of $55,200.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 12.30% of the company’s stock.
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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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