Identiv, Inc. (NASDAQ:INVE) – Analysts at Imperial Capital issued their FY2017 earnings per share (EPS) estimates for Identiv in a note issued to investors on Tuesday. Imperial Capital analyst J. Kessler expects that the technology company will post earnings per share of ($0.34) for the year. Imperial Capital also issued estimates for Identiv’s Q4 2017 earnings at ($0.06) EPS, Q1 2018 earnings at ($0.07) EPS, Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at ($0.03) EPS, FY2018 earnings at ($0.21) EPS and FY2019 earnings at ($0.11) EPS.
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Identiv from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. ValuEngine cut Identiv from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Finally, Northland Securities set a $10.00 price objective on Identiv and gave the company a “buy” rating in a research report on Monday, August 7th.
Shares of Identiv (NASDAQ INVE) opened at $3.52 on Thursday. Identiv has a 12-month low of $2.41 and a 12-month high of $7.81. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.75.
In other Identiv news, Director Gary Kremen acquired 10,000 shares of Identiv stock in a transaction dated Wednesday, September 13th. The stock was bought at an average cost of $4.37 per share, with a total value of $43,700.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 12.30% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. UBS Group AG lifted its position in Identiv by 11.3% in the first quarter. UBS Group AG now owns 15,579 shares of the technology company’s stock worth $110,000 after purchasing an additional 1,579 shares during the period. Sterling Capital Management LLC bought a new position in Identiv in the second quarter worth $111,000. Emancipation Management LLC bought a new position in Identiv in the second quarter worth $111,000. Northern Trust Corp lifted its position in Identiv by 43.5% in the second quarter. Northern Trust Corp now owns 23,429 shares of the technology company’s stock worth $123,000 after purchasing an additional 7,104 shares during the period. Finally, White Pine Capital LLC bought a new position in Identiv in the second quarter worth $192,000. 32.85% of the stock is owned by hedge funds and other institutional investors.
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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