Identiv (INVE) Earns Coverage Optimism Score of 0.16
News articles about Identiv (NASDAQ:INVE) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Identiv earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.1678859068382 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Identiv (NASDAQ INVE) traded down 8.65% during midday trading on Friday, hitting $4.54. The stock had a trading volume of 128,313 shares. Identiv has a 12-month low of $1.97 and a 12-month high of $7.81. The company’s 50-day moving average price is $4.76 and its 200-day moving average price is $5.44. The firm’s market cap is $63.87 million.
Identiv (NASDAQ:INVE) last released its earnings results on Thursday, August 10th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.01. The company had revenue of $14.84 million during the quarter, compared to analyst estimates of $14.71 million. Identiv had a negative return on equity of 50.00% and a negative net margin of 7.53%. During the same quarter in the prior year, the company earned ($0.27) earnings per share. Equities research analysts forecast that Identiv will post ($0.18) EPS for the current year.
A number of research firms have recently weighed in on INVE. Northland Securities set a $10.00 price target on Identiv and gave the stock a “buy” rating in a report on Monday, August 7th. Zacks Investment Research downgraded Identiv from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th.
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In other Identiv news, Director Gary Kremen bought 10,000 shares of Identiv stock in a transaction dated Wednesday, September 13th. The stock was bought at an average price of $4.37 per share, for a total transaction of $43,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.30% of the stock is owned by corporate insiders.
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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