Identiv Inc (NASDAQ:INVE) has received a consensus rating of “Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $9.00.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Identiv from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine upgraded shares of Identiv from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 15th. Finally, Maxim Group restated a “buy” rating and issued a $8.00 target price on shares of Identiv in a report on Tuesday, January 8th.
In other news, Director Gary Kremen acquired 10,000 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was purchased at an average price of $5.00 per share, for a total transaction of $50,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 10.50% of the company’s stock.
Shares of INVE stock traded down $0.30 on Tuesday, reaching $5.27. 14,888 shares of the company were exchanged, compared to its average volume of 26,150. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.59 and a quick ratio of 1.14. Identiv has a one year low of $3.27 and a one year high of $6.87.
Identiv Company Profile
Identiv, Inc operates as a security technology company that secures and manages access to physical places, things, and information primarily in the Americas, Europe, the Middle-East, and the Asia-Pacific. Its Premises segment offers modular Hirsch MX controllers that allow customers to start with a small system and expand over time; Hirsch Velocity software platform for centralized management of access and security operations across an organization; federal identity, credential and acess management architecture, an access control system; TouchSecure door readers that provide various features to support security standards; and global services to support system design, deployment, and managed services across customers premises security lifecycle.
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