Somewhat Positive Media Coverage Somewhat Unlikely to Affect Identiv (INVE) Share Price
News articles about Identiv (NASDAQ:INVE) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Identiv earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 47.3146178945881 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Identiv and S+P Samson Partner to Protect Patients with RFID … – Markets Insider (markets.businessinsider.com)
- Identiv and S+P Samson Partner to Protect Patients with RFID Technology (finance.yahoo.com)
- Identiv to Showcase Latest Portfolio of Feature-Rich Physical Security Solutions at ASIS 2017 – GlobeNewswire (press release) (globenewswire.com)
- Head to Head Review: Identiv (INVE) vs. The Competition (americanbankingnews.com)
Shares of Identiv (NASDAQ:INVE) traded down 0.69% on Wednesday, reaching $4.34. 54,916 shares of the company’s stock traded hands. Identiv has a 52-week low of $1.96 and a 52-week high of $7.81. The stock’s market cap is $61.06 million. The firm’s 50-day moving average is $4.99 and its 200-day moving average is $5.55.
Identiv (NASDAQ:INVE) last posted its quarterly earnings results on Thursday, August 10th. The technology company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.01. The business had revenue of $14.84 million during the quarter, compared to analyst estimates of $14.71 million. Identiv had a negative net margin of 7.53% and a negative return on equity of 50.00%. During the same period in the prior year, the business posted ($0.27) earnings per share. Analysts anticipate that Identiv will post ($0.18) EPS for the current fiscal year.
Several research analysts have commented on the stock. Northland Securities set a $10.00 price target on shares of Identiv and gave the company a “buy” rating in a report on Monday, August 7th. Zacks Investment Research downgraded shares of Identiv from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th.
In other news, Director Gary Kremen purchased 10,000 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was acquired at an average cost of $4.90 per share, for a total transaction of $49,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 12.30% 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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