Identiv (NASDAQ:INVE) PT Raised to $9.50
Identiv (NASDAQ:INVE) had its price target boosted by Imperial Capital from $8.75 to $9.50 in a research report released on Monday morning, The Fly reports. The brokerage currently has a positive rating on the technology company’s stock. Imperial Capital also issued estimates for Identiv’s Q3 2019 earnings at $0.04 EPS, FY2019 earnings at $0.03 EPS, Q1 2020 earnings at ($0.02) EPS, Q2 2020 earnings at $0.05 EPS, Q3 2020 earnings at $0.09 EPS, Q4 2020 earnings at $0.10 EPS, FY2020 earnings at $0.21 EPS, Q1 2021 earnings at $0.00 EPS, Q2 2021 earnings at $0.07 EPS and FY2021 earnings at $0.33 EPS.
Several other research firms have also issued reports on INVE. TheStreet raised shares of Identiv from a d rating to a c rating in a research report on Friday, May 10th. National Securities began coverage on shares of Identiv in a research report on Tuesday, July 16th. They issued a buy rating and a $8.00 price objective for the company. Oppenheimer began coverage on shares of Identiv in a research report on Tuesday, April 30th. They issued an outperform rating and a $7.00 price objective for the company. Northland Securities reissued a buy rating on shares of Identiv in a research report on Friday, August 9th. Finally, ValuEngine raised shares of Identiv from a hold rating to a buy rating in a research report on Saturday, August 10th. Nine investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus target price of $8.46.
Identiv stock opened at $5.00 on Monday. Identiv has a 52-week low of $3.34 and a 52-week high of $6.87. The firm has a fifty day moving average of $4.92 and a 200-day moving average of $5.07. The firm has a market capitalization of $84.20 million, a P/E ratio of -16.67 and a beta of 1.68. The company has a quick ratio of 0.89, a current ratio of 1.31 and a debt-to-equity ratio of 0.16.
In other news, CEO Steven Humphreys bought 10,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was acquired at an average cost of $4.97 per share, for a total transaction of $49,700.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.90% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Morgan Stanley boosted its stake in shares of Identiv by 707.3% in the second quarter. Morgan Stanley now owns 16,994 shares of the technology company’s stock valued at $87,000 after purchasing an additional 14,889 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Identiv by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 31,769 shares of the technology company’s stock valued at $114,000 after purchasing an additional 2,100 shares during the period. Hollencrest Capital Management boosted its stake in shares of Identiv by 7.7% in the first quarter. Hollencrest Capital Management now owns 42,105 shares of the technology company’s stock valued at $212,000 after purchasing an additional 3,000 shares during the period. Deutsche Bank AG boosted its stake in shares of Identiv by 30.8% in the fourth quarter. Deutsche Bank AG now owns 47,380 shares of the technology company’s stock valued at $170,000 after purchasing an additional 11,165 shares during the period. Finally, Granite Investment Partners LLC purchased a new position in shares of Identiv in the first quarter valued at $740,000. Institutional investors and hedge funds own 32.02% of the company’s stock.
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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