Identiv (INVE) Rating Increased to C at TheStreet

TheStreet upgraded shares of Identiv (NASDAQ:INVE) from a d rating to a c rating in a research note published on Friday morning, TheStreetRatingsTable reports.

Several other equities analysts have also recently weighed in on INVE. 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 Tuesday. ValuEngine cut Identiv from a buy rating to a hold rating in a research note on Monday, April 1st. Maxim Group restated a buy rating on shares of Identiv in a research note on Friday. Oppenheimer assumed coverage on Identiv in a research note on Tuesday, April 30th. They set an outperform rating and a $7.00 price objective on the stock. Finally, Northland Securities restated a buy rating on shares of Identiv in a research note on Friday, March 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $8.17.

Shares of NASDAQ:INVE opened at $5.33 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. Identiv has a 1-year low of $3.34 and a 1-year high of $6.87. The firm has a market cap of $88.16 million, a price-to-earnings ratio of -17.77 and a beta of 1.80.

Identiv (NASDAQ:INVE) last issued its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. Identiv had a negative return on equity of 10.62% and a negative net margin of 6.02%. The business had revenue of $19.52 million for the quarter, compared to analysts’ expectations of $19.41 million.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP raised its stake in shares of Identiv by 0.7% during the 4th quarter. Royce & Associates LP now owns 819,755 shares of the technology company’s stock worth $2,951,000 after purchasing an additional 6,092 shares during the period. Vanguard Group Inc raised its stake in shares of Identiv by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 605,033 shares of the technology company’s stock worth $3,606,000 after purchasing an additional 5,600 shares during the period. Renaissance Technologies LLC raised its stake in shares of Identiv by 20.7% during the 3rd quarter. Renaissance Technologies LLC now owns 399,939 shares of the technology company’s stock worth $2,384,000 after purchasing an additional 68,676 shares during the period. Granite Investment Partners LLC bought a new stake in shares of Identiv during the 1st quarter worth $740,000. Finally, Deutsche Bank AG raised its stake in shares of Identiv by 30.8% during 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 during the period. Institutional investors own 31.22% of the company’s stock.

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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