Identiv, Inc. (NASDAQ:INVE – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 171,198 shares, a drop of 40.6% from the June 30th total of 288,040 shares. Based on an average daily volume of 365,554 shares, the short-interest ratio is presently 0.5 days. Currently, 0.7% of the company’s shares are short sold.
Identiv Stock Down 2.2%
INVE stock traded down $0.06 during mid-day trading on Friday, hitting $2.64. 145,781 shares of the company were exchanged, compared to its average volume of 163,675. Identiv has a 12-month low of $2.43 and a 12-month high of $5.30. The firm has a market capitalization of $63.39 million, a P/E ratio of -3.67 and a beta of 1.24. The business has a fifty day simple moving average of $3.31 and a 200-day simple moving average of $3.53.
Identiv (NASDAQ:INVE – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). Identiv had a negative net margin of 70.52% and a negative return on equity of 11.74%. The company had revenue of $7.41 million during the quarter, compared to analysts’ expectations of $6.92 million. Research analysts predict that Identiv will post -0.66 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Identiv to a “hold” rating in a report on Saturday, April 25th. Lake Street Capital downgraded shares of Identiv from a “buy” rating to a “hold” rating and cut their price target for the stock from $6.00 to $4.00 in a report on Thursday, June 25th. UBS Group set a $3.10 price target on shares of Identiv in a research report on Thursday, June 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Identiv in a research report on Wednesday, June 24th. Finally, Craig Hallum cut Identiv from a “buy” rating to a “hold” rating and set a $3.10 target price for the company. in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.05.
Get Our Latest Stock Analysis on Identiv
Identiv Company Profile
Identiv, Inc (NASDAQ: INVE) is a global provider of physical security and secure identification solutions, delivering hardware and software platforms that protect people, property and assets. Founded in 1969 through the establishment of Hirsch Electronics and later rebranded as Identiv in 2008, the company has evolved to address the convergence of physical and digital security in an increasingly connected world.
The company’s product portfolio spans RFID and NFC reader modules, smart card and credential technologies, access control hardware, secure IoT connectivity, and contactless identification solutions.
See Also
- Five stocks we like better than Identiv
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Receive News & Ratings for Identiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Identiv and related companies with MarketBeat.com's FREE daily email newsletter.
