Identiv, Inc. Expected to Post FY2017 Earnings of ($0.34) Per Share (INVE)

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.

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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.

About Identiv

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.

Earnings History and Estimates for Identiv (NASDAQ:INVE)

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