Wall Street analysts expect Identiv Inc (NASDAQ:INVE) to announce $20.52 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Identiv’s earnings, with estimates ranging from $19.94 million to $21.10 million. Identiv reported sales of $16.56 million during the same quarter last year, which indicates a positive year over year growth rate of 23.9%. The firm is scheduled to announce its next quarterly earnings results on Thursday, March 14th.

On average, analysts expect that Identiv will report full-year sales of $77.36 million for the current fiscal year, with estimates ranging from $76.78 million to $77.94 million. For the next financial year, analysts forecast that the business will report sales of $88.70 million, with estimates ranging from $88.13 million to $89.27 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for Identiv.

Several brokerages recently commented on INVE. Zacks Investment Research upgraded shares of Identiv from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Northland Securities reiterated a “buy” rating and issued a $10.00 target price on shares of Identiv in a report on Sunday, August 12th. Lake Street Capital began coverage on shares of Identiv in a report on Tuesday, September 4th. They issued a “buy” rating and a $9.00 target price on the stock. ValuEngine upgraded shares of Identiv from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 16th. Finally, Roth Capital began coverage on shares of Identiv in a report on Wednesday, August 1st. They issued a “buy” rating and a $9.00 target price on the stock. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $8.45.

Several large investors have recently bought and sold shares of INVE. Dimensional Fund Advisors LP increased its holdings in shares of Identiv by 107.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 29,669 shares of the technology company’s stock worth $177,000 after purchasing an additional 15,378 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Identiv during the 3rd quarter worth about $205,000. BlackRock Inc. increased its holdings in shares of Identiv by 3.7% during the 2nd quarter. BlackRock Inc. now owns 283,663 shares of the technology company’s stock worth $1,098,000 after purchasing an additional 10,035 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Identiv by 20.7% during the 3rd quarter. Renaissance Technologies LLC now owns 399,939 shares of the technology company’s stock worth $2,384,000 after purchasing an additional 68,676 shares during the period. Finally, Essex Investment Management Co. LLC increased its holdings in shares of Identiv by 33.1% during the 3rd quarter. Essex Investment Management Co. LLC now owns 592,660 shares of the technology company’s stock worth $3,532,000 after purchasing an additional 147,346 shares during the period. Institutional investors own 30.64% of the company’s stock.

INVE traded down $0.17 during trading on Friday, hitting $5.90. The stock had a trading volume of 28,700 shares, compared to its average volume of 33,380. The company has a market capitalization of $99.80 million, a PE ratio of -15.68 and a beta of 0.22. Identiv has a 12 month low of $2.84 and a 12 month high of $6.87. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.49 and a quick ratio of 1.08.

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.

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