Identiv Inc (INVE) Receives Consensus Rating of “Buy” from Analysts

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.

Several hedge funds have recently modified their holdings of INVE. Dimensional Fund Advisors LP increased its stake in shares of Identiv by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 31,769 shares of the technology company’s stock worth $114,000 after purchasing an additional 2,100 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Identiv during the 3rd quarter worth approximately $205,000. BlackRock Inc. increased its stake in shares of Identiv by 3.7% during the 2nd quarter. BlackRock Inc. now owns 283,663 shares of the technology company’s stock worth $1,098,000 after purchasing an additional 10,035 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Identiv by 20.7% during the 3rd quarter. Renaissance Technologies LLC now owns 399,939 shares of the technology company’s stock worth $2,384,000 after purchasing an additional 68,676 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Identiv by 0.7% during the 4th quarter. Royce & Associates LP now owns 819,755 shares of the technology company’s stock worth $2,951,000 after purchasing an additional 6,092 shares during the last quarter. Institutional investors own 33.83% 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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