Northland Securities Reiterates “Buy” Rating for Identiv (NASDAQ:INVE)

Northland Securities reiterated their buy rating on shares of Identiv (NASDAQ:INVE) in a research note issued to investors on Friday, August 9th, AnalystRatings.com reports.

A number of other equities analysts also recently weighed in on the company. Imperial Capital reissued an outperform rating on shares of Identiv in a research report on Friday, August 2nd. TheStreet raised Identiv from a d rating to a c rating in a research report on Friday, May 10th. Maxim Group reaffirmed a buy rating on shares of Identiv in a research report on Friday, May 10th. Oppenheimer initiated coverage on Identiv in a research report on Tuesday, April 30th. They issued an outperform rating and a $7.00 target price on the stock. Finally, National Securities initiated coverage on Identiv in a research report on Tuesday, July 16th. They issued a buy rating and a $8.00 target price on the stock. Nine investment analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average price target of $8.46.

INVE stock opened at $5.00 on Friday. Identiv has a 1-year low of $3.34 and a 1-year high of $6.87. The firm has a market cap of $85.88 million, a PE ratio of -16.67 and a beta of 1.68. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $4.92 and its two-hundred day moving average price is $5.07.

Identiv (NASDAQ:INVE) last released its earnings results on Thursday, August 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $22.24 million for the quarter, compared to analyst estimates of $22.76 million. Identiv had a negative return on equity of 0.42% and a negative net margin of 0.38%. During the same quarter in the prior year, the company posted ($0.18) earnings per share.

In other Identiv news, CEO Steven Humphreys acquired 10,000 shares of Identiv stock in a transaction that occurred on 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 legal filing with the SEC, which is available at this link. Company insiders own 6.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in INVE. Morgan Stanley lifted its position in 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 buying an additional 14,889 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in 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 buying an additional 2,100 shares during the last quarter. Hollencrest Capital Management lifted its position in 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 buying an additional 3,000 shares during the last quarter. Deutsche Bank AG lifted its position in 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 buying an additional 11,165 shares during the last quarter. Finally, Granite Investment Partners LLC acquired a new position in Identiv in the first quarter valued at about $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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Analyst Recommendations for Identiv (NASDAQ:INVE)

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