Wall Street analysts expect Identiv Inc (NASDAQ:INVE) to report earnings per share of $0.02 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Identiv’s earnings. The highest EPS estimate is $0.02 and the lowest is $0.01. Identiv reported earnings of ($0.14) per share in the same quarter last year, which indicates a positive year over year growth rate of 114.3%. The business is scheduled to issue its next earnings results on Thursday, March 14th.

On average, analysts expect that Identiv will report full year earnings of ($0.34) per share for the current year, with EPS estimates ranging from ($0.34) to ($0.33). For the next financial year, analysts anticipate that the business will report earnings of ($0.05) per share, with EPS estimates ranging from ($0.09) to ($0.01). Zacks’ EPS averages are a mean average based on a survey of research firms that cover Identiv.

Identiv (NASDAQ:INVE) last released its quarterly earnings data on Thursday, November 8th. The technology company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. The business had revenue of $20.02 million for the quarter, compared to analyst estimates of $19.55 million. Identiv had a negative return on equity of 21.62% and a negative net margin of 13.43%.

Several research firms recently weighed in on INVE. Zacks Investment Research raised Identiv from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a research note on Wednesday, November 14th. Lake Street Capital began coverage on Identiv in a research note on Tuesday, September 4th. They issued a “buy” rating and a $9.00 price objective on the stock. ValuEngine raised Identiv from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 16th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Identiv in a research note on Sunday, August 12th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Identiv has an average rating of “Buy” and an average price target of $8.45.

NASDAQ:INVE traded up $0.04 during trading hours on Friday, hitting $4.95. The company’s stock had a trading volume of 36,929 shares, compared to its average volume of 32,733. The firm has a market capitalization of $75.94 million, a PE ratio of -13.03 and a beta of 0.21. The company has a quick ratio of 1.14, a current ratio of 1.59 and a debt-to-equity ratio of 0.07. Identiv has a twelve month low of $2.84 and a twelve month high of $6.87.

In other news, Director Gary Kremen bought 17,000 shares of the company’s stock in a transaction on Wednesday, November 28th. The stock was purchased at an average cost of $5.14 per share, for a total transaction of $87,380.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.50% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Identiv by 107.6% in the third quarter. Dimensional Fund Advisors LP now owns 29,669 shares of the technology company’s stock valued at $177,000 after purchasing an additional 15,378 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Identiv in the third quarter valued at about $205,000. BlackRock Inc. raised its position in Identiv by 3.7% in the second quarter. BlackRock Inc. now owns 283,663 shares of the technology company’s stock valued at $1,098,000 after purchasing an additional 10,035 shares during the last quarter. Renaissance Technologies LLC raised its position in Identiv by 20.7% in the third quarter. Renaissance Technologies LLC now owns 399,939 shares of the technology company’s stock valued at $2,384,000 after purchasing an additional 68,676 shares during the last quarter. Finally, Essex Investment Management Co. LLC raised its position in Identiv by 33.1% in the third quarter. Essex Investment Management Co. LLC now owns 592,660 shares of the technology company’s stock valued at $3,532,000 after purchasing an additional 147,346 shares during the last quarter. Hedge funds and other institutional investors own 34.24% of the company’s stock.

About Identiv

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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