Identiv, Inc. (NASDAQ:INVE – Get Free Report) insider Kirsten F. Newquist bought 17,166 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average price of $4.47 per share, with a total value of $76,732.02. Following the acquisition, the insider now directly owns 17,166 shares in the company, valued at approximately $76,732.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Identiv Stock Up 1.2 %
Identiv stock opened at $4.19 on Friday. The stock’s fifty day simple moving average is $5.55 and its 200-day simple moving average is $6.92. Identiv, Inc. has a twelve month low of $4.01 and a twelve month high of $9.26.
Identiv (NASDAQ:INVE – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.06). The company had revenue of $22.49 million for the quarter, compared to analysts’ expectations of $23.00 million. Identiv had a negative return on equity of 9.99% and a negative net margin of 6.49%. During the same quarter last year, the company earned ($0.13) EPS. On average, analysts predict that Identiv, Inc. will post -0.82 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several research firms have recently commented on INVE. Craig Hallum dropped their price objective on Identiv from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. B. Riley dropped their target price on Identiv from $10.00 to $9.50 and set a “buy” rating for the company in a research report on Wednesday, March 13th. Finally, StockNews.com cut shares of Identiv from a “hold” rating to a “sell” rating in a research report on Monday, May 6th.
Read Our Latest Analysis on INVE
About Identiv
Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.
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