Brokerages expect that Identiv, Inc. (NASDAQ:INVE) will report earnings per share (EPS) of ($0.13) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Identiv’s earnings, with the lowest EPS estimate coming in at ($0.15) and the highest estimate coming in at ($0.10). Identiv reported earnings per share of ($0.27) in the same quarter last year, which would suggest a positive year-over-year growth rate of 51.9%. The business is expected to report its next quarterly earnings results on Thursday, August 10th.
According to Zacks, analysts expect that Identiv will report full year earnings of ($0.22) per share for the current fiscal year, with EPS estimates ranging from ($0.29) to ($0.15). For the next year, analysts anticipate that the business will post earnings of ($0.14) per share, with EPS estimates ranging from ($0.21) to ($0.08). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Identiv.
Identiv (NASDAQ:INVE) last issued its earnings results on Wednesday, May 10th. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.09. Identiv had a negative return on equity of 128.41% and a negative net margin of 9.56%. The business had revenue of $13.39 million for the quarter, compared to analyst estimates of $13.16 million. During the same quarter last year, the company earned ($0.83) EPS.
Several analysts have issued reports on INVE shares. Zacks Investment Research upgraded Identiv from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research note on Monday, March 13th. Imperial Capital increased their price target on Identiv from $3.00 to $7.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 4th.
In related news, Director Nina B. Shapiro acquired 10,000 shares of Identiv stock in a transaction dated Wednesday, June 14th. The stock was acquired at an average cost of $5.52 per share, with a total value of $55,200.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 12.30% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. UBS Group AG raised its stake in Identiv by 11.3% in the first quarter. UBS Group AG now owns 15,579 shares of the technology company’s stock valued at $110,000 after buying an additional 1,579 shares in the last quarter. EAM Investors LLC acquired a new stake in shares of Identiv during the first quarter valued at approximately $688,000. Renaissance Technologies LLC boosted its stake in shares of Identiv by 32.0% in the fourth quarter. Renaissance Technologies LLC now owns 234,940 shares of the technology company’s stock valued at $747,000 after buying an additional 56,980 shares during the period. Essex Investment Management Co. LLC boosted its stake in shares of Identiv by 163.1% in the first quarter. Essex Investment Management Co. LLC now owns 145,935 shares of the technology company’s stock valued at $1,030,000 after buying an additional 90,462 shares during the period. Finally, Royce & Associates LP boosted its stake in shares of Identiv by 10.1% in the first quarter. Royce & Associates LP now owns 656,589 shares of the technology company’s stock valued at $4,636,000 after buying an additional 60,000 shares during the period. 14.72% of the stock is owned by institutional investors and hedge funds.
Shares of Identiv (NASDAQ INVE) traded up 0.19% during midday trading on Monday, hitting $5.23. The stock had a trading volume of 8,827 shares. Identiv has a one year low of $1.83 and a one year high of $7.81. The stock has a 50 day moving average of $5.30 and a 200-day moving average of $5.16. The company’s market cap is $58.65 million.
Identiv Company Profile
Identiv, Inc is a global security technology company. The Company operates through four segments: Physical access control systems (PACS), Identity, Credentials and All Other. PACS segment provides solutions and services that enable the issuance, management and use of secure identity credentials in diverse markets.
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