Analysts Expect Identiv, Inc. (NASDAQ:INVE) Will Announce Earnings of -$0.07 Per Share

Equities analysts predict that Identiv, Inc. (NASDAQ:INVEGet Rating) will report earnings per share (EPS) of ($0.07) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Identiv’s earnings. The lowest EPS estimate is ($0.11) and the highest is ($0.03). Identiv reported earnings per share of ($0.09) during the same quarter last year, which indicates a positive year over year growth rate of 22.2%. The company is scheduled to announce its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Identiv will report full-year earnings of $0.09 per share for the current financial year, with EPS estimates ranging from $0.02 to $0.15. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.44 per share, with EPS estimates ranging from $0.34 to $0.53. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Identiv.

Identiv (NASDAQ:INVEGet Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.13). Identiv had a net margin of 1.56% and a return on equity of 1.51%. The business had revenue of $28.52 million for the quarter, compared to analysts’ expectations of $28.45 million. During the same period in the prior year, the company posted ($0.05) EPS.

Several analysts recently issued reports on INVE shares. Craig Hallum started coverage on shares of Identiv in a research note on Monday, April 25th. They set a “buy” rating and a $20.00 price objective for the company. StockNews.com raised shares of Identiv from a “sell” rating to a “hold” rating in a research note on Monday, April 4th. Zacks Investment Research raised shares of Identiv from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 22nd. Finally, B. Riley dropped their price target on shares of Identiv from $31.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, April 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $21.25.

NASDAQ INVE traded down $0.69 during trading hours on Friday, hitting $12.19. 120,551 shares of the company’s stock traded hands, compared to its average volume of 164,938. Identiv has a 52-week low of $12.01 and a 52-week high of $29.00. The company has a market capitalization of $272.08 million, a PE ratio of -1,219.00 and a beta of 1.63. The firm’s 50-day moving average is $15.58 and its 200-day moving average is $19.72.

In related news, major shareholder Lp Bleichroeder acquired 59,370 shares of the firm’s stock in a transaction dated Friday, March 4th. The shares were purchased at an average cost of $15.16 per share, for a total transaction of $900,049.20. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Justin Scarpulla acquired 6,500 shares of the firm’s stock in a transaction dated Tuesday, March 15th. The stock was bought at an average price of $15.36 per share, for a total transaction of $99,840.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 184,546 shares of company stock valued at $2,625,195. Corporate insiders own 8.60% of the company’s stock.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Identiv by 7.2% during the 4th quarter. BlackRock Inc. now owns 1,330,065 shares of the technology company’s stock worth $37,429,000 after buying an additional 89,188 shares in the last quarter. Jacob Asset Management of New York LLC lifted its holdings in Identiv by 34.6% during the 3rd quarter. Jacob Asset Management of New York LLC now owns 544,726 shares of the technology company’s stock worth $10,263,000 after buying an additional 140,000 shares in the last quarter. Wasatch Advisors Inc. acquired a new stake in Identiv during the 4th quarter worth approximately $13,553,000. Geode Capital Management LLC lifted its holdings in Identiv by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 356,287 shares of the technology company’s stock worth $10,025,000 after buying an additional 4,165 shares in the last quarter. Finally, State Street Corp lifted its holdings in Identiv by 2.2% during the 4th quarter. State Street Corp now owns 345,358 shares of the technology company’s stock worth $9,718,000 after buying an additional 7,388 shares in the last quarter. Hedge funds and other institutional investors own 61.87% of the company’s stock.

About Identiv (Get Rating)

Identiv, Inc operates as a security technology company that secures things, data, and physical places in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.

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Earnings History and Estimates for Identiv (NASDAQ:INVE)

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