Brokerages forecast that Identiv, Inc. (NASDAQ:INVE) will post sales of $16.54 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Identiv’s earnings, with the lowest sales estimate coming in at $15.91 million and the highest estimate coming in at $17.16 million. Identiv reported sales of $14.65 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.9%. The business is expected to announce its next quarterly earnings report on Wednesday, March 14th.
According to Zacks, analysts expect that Identiv will report full year sales of $16.54 million for the current financial year, with estimates ranging from $59.57 million to $60.83 million. For the next financial year, analysts anticipate that the business will post sales of $65.29 million per share, with estimates ranging from $65.10 million to $65.47 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Identiv.
Several brokerages recently commented on INVE. Zacks Investment Research upgraded shares of Identiv from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine downgraded shares of Identiv from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th.
Several large investors have recently modified their holdings of INVE. Essex Investment Management Co. LLC lifted its position in shares of Identiv by 58.7% in the 4th quarter. Essex Investment Management Co. LLC now owns 418,988 shares of the technology company’s stock valued at $1,399,000 after acquiring an additional 155,014 shares in the last quarter. Royce & Associates LP lifted its position in shares of Identiv by 5.9% in the 4th quarter. Royce & Associates LP now owns 805,086 shares of the technology company’s stock valued at $2,689,000 after acquiring an additional 45,000 shares in the last quarter. Sterling Capital Management LLC purchased a new stake in shares of Identiv in the 2nd quarter valued at approximately $111,000. Northern Trust Corp lifted its position in shares of Identiv by 43.5% in the 2nd quarter. Northern Trust Corp now owns 23,429 shares of the technology company’s stock valued at $123,000 after acquiring an additional 7,104 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Identiv by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 259,868 shares of the technology company’s stock valued at $1,364,000 after acquiring an additional 2,476 shares in the last quarter. Institutional investors and hedge funds own 40.36% of the company’s stock.
Identiv Company Profile
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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