Brokerages expect Identiv Inc (NASDAQ:INVE) to report ($0.11) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Identiv’s earnings, with estimates ranging from ($0.17) to ($0.06). Identiv reported earnings per share of $0.01 during the same quarter last year, which would suggest a negative year over year growth rate of 1,200%. The firm is scheduled to announce its next earnings report on Thursday, August 13th.

According to Zacks, analysts expect that Identiv will report full year earnings of ($0.18) per share for the current year, with EPS estimates ranging from ($0.19) to ($0.17). For the next year, analysts expect that the firm will post earnings of $0.16 per share, with EPS estimates ranging from $0.10 to $0.21. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Identiv.

Identiv (NASDAQ:INVE) last issued its earnings results on Thursday, May 7th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). Identiv had a negative return on equity of 7.89% and a negative net margin of 3.21%. The firm had revenue of $18.12 million during the quarter, compared to analyst estimates of $17.49 million. During the same period in the previous year, the company earned ($0.06) EPS.

INVE has been the subject of a number of recent research reports. Northland Securities initiated coverage on Identiv in a report on Thursday, June 25th. They issued a “buy” rating and a $7.00 target price for the company. ValuEngine raised Identiv from a “hold” rating to a “buy” rating in a report on Friday, May 1st. Zacks Investment Research raised Identiv from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Imperial Capital decreased their price target on Identiv from $7.00 to $6.50 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Finally, Maxim Group reissued a “buy” rating and issued a $10.00 price target on shares of Identiv in a research note on Saturday, March 14th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Identiv currently has an average rating of “Buy” and an average price target of $7.67.

INVE traded up $0.19 on Thursday, reaching $5.10. The stock had a trading volume of 55,540 shares, compared to its average volume of 127,789. Identiv has a fifty-two week low of $2.11 and a fifty-two week high of $7.04. The firm has a 50-day moving average of $4.66 and a 200-day moving average of $4.52. The company has a current ratio of 1.30, a quick ratio of 0.86 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $85.93 million, a price-to-earnings ratio of -26.89 and a beta of 1.42.

A number of large investors have recently made changes to their positions in INVE. UBS Group AG boosted its holdings in Identiv by 780.2% in the fourth quarter. UBS Group AG now owns 4,401 shares of the technology company’s stock worth $25,000 after acquiring an additional 3,901 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Identiv in the fourth quarter worth approximately $202,000. Geode Capital Management LLC raised its stake in shares of Identiv by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 75,155 shares of the technology company’s stock worth $423,000 after purchasing an additional 3,429 shares during the last quarter. Heartland Advisors Inc. purchased a new stake in shares of Identiv in the fourth quarter worth approximately $2,177,000. Finally, Renaissance Technologies LLC raised its stake in shares of Identiv by 13.8% in the fourth quarter. Renaissance Technologies LLC now owns 499,432 shares of the technology company’s stock worth $2,817,000 after purchasing an additional 60,671 shares during the last quarter. Institutional investors and hedge funds own 36.61% of the company’s stock.

About Identiv

Identiv, Inc operates as a security technology company that secures data, physical places, and things worldwide. It operates through two segment, Premises and Identity. The 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 access 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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Earnings History and Estimates for Identiv (NASDAQ:INVE)

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