Analysts forecast that Identiv, Inc. (NASDAQ:INVE) will announce $14.71 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Identiv’s earnings, with the lowest sales estimate coming in at $14.51 million and the highest estimate coming in at $14.91 million. Identiv posted sales of $13.48 million in the same quarter last year, which suggests a positive year over year growth rate of 9.1%. The firm is scheduled to announce its next earnings results on Thursday, August 10th.
According to Zacks, analysts expect that Identiv will report full year sales of $14.71 million for the current fiscal year. For the next financial year, analysts expect that the business will report sales of $74.43 million per share, with estimates ranging from $73.86 million to $74.99 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow 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, beating the consensus estimate of ($0.15) by $0.09. Identiv had a negative net margin of 9.56% and a negative return on equity of 128.41%. The business had revenue of $13.39 million for the quarter, compared to analyst estimates of $13.16 million. During the same period in the previous year, the business earned ($0.83) EPS.
Separately, Imperial Capital upped their price target on shares of Identiv from $3.00 to $7.00 and gave the company an “in-line” rating in a research note on Tuesday, April 4th.
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In other news, Director Nina B. Shapiro acquired 10,000 shares of Identiv stock in a transaction on Wednesday, June 14th. The shares were purchased at an average cost of $5.52 per share, for a total transaction of $55,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 12.30% of the company’s stock.
A number of large investors have recently made changes to their positions in INVE. Essex Investment Management Co. LLC increased 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 worth $1,030,000 after buying an additional 90,462 shares during the last quarter. Renaissance Technologies LLC increased 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 worth $747,000 after buying an additional 56,980 shares during the last quarter. Royce & Associates LP increased 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 worth $4,636,000 after buying an additional 60,000 shares during the last quarter. EAM Investors LLC purchased a new stake in shares of Identiv during the first quarter worth about $688,000. Finally, Hollencrest Securities LLC increased its stake in shares of Identiv by 11.3% in the second quarter. Hollencrest Securities LLC now owns 29,605 shares of the technology company’s stock worth $155,000 after buying an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 14.72% of the company’s stock.
Shares of Identiv (INVE) traded up 0.53% during mid-day trading on Wednesday, hitting $5.66. 54,349 shares of the stock traded hands. Identiv has a one year low of $1.61 and a one year high of $7.81. The firm’s market capitalization is $63.47 million. The company’s 50 day moving average is $5.30 and its 200 day moving average is $5.16.
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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