Shares of Identiv Inc (NASDAQ:INVE) have earned a consensus rating of “Buy” from the ten brokerages that are currently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have covered the stock in the last year is $8.04.

A number of brokerages recently commented on INVE. TheStreet upgraded Identiv from a “d” rating to a “c” rating in a research report on Friday, May 10th. Imperial Capital upped their target price on Identiv from $8.75 to $9.50 and gave the company a “positive” rating in a research report on Monday, August 12th. National Securities began 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. ValuEngine upgraded Identiv from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. Finally, 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.

In related news, CEO Steven Humphreys acquired 10,000 shares of the stock in a transaction on Friday, June 14th. The shares were acquired at an average price of $4.97 per share, for a total transaction of $49,700.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its position in Identiv by 30.8% in the 4th quarter. Deutsche Bank AG now owns 47,380 shares of the technology company’s stock worth $170,000 after purchasing an additional 11,165 shares in the last quarter. Hollencrest Capital Management lifted its position in shares of Identiv by 7.7% during the 1st 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Identiv by 7.1% during the 4th 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 in the last quarter. Granite Investment Partners LLC purchased a new position in shares of Identiv during the 1st quarter valued at approximately $740,000. Finally, Morgan Stanley lifted its position in shares of Identiv by 707.3% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 31.37% of the company’s stock.

Shares of NASDAQ INVE opened at $4.89 on Tuesday. The business’s 50 day moving average price is $4.91 and its 200 day moving average price is $5.05. Identiv has a 52 week low of $3.34 and a 52 week high of $6.87. The company has a current ratio of 1.33, a quick ratio of 0.93 and a debt-to-equity ratio of 0.14.

Identiv (NASDAQ:INVE) last issued its earnings results on Thursday, August 8th. The technology company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The firm 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 0.41% and a negative net margin of 0.38%. During the same quarter in the prior year, the firm earned ($0.18) earnings per share.

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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