Identiv, Inc. (NASDAQ:INVE) is expected to post earnings of -$0.07 per share
Brokers expect Identiv, Inc. (NASDAQ:INVE – Get Rating) to post earnings of ($0.07) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts released earnings estimates for Identiv, with the lowest EPS estimate of $0.11 and the highest estimate of $0.03. Identiv posted earnings of ($0.09) per share in the same quarter last year, which would indicate a positive growth rate of 22.2% year over year. The company is due to release its next earnings report on Thursday, May 5.
According to Zacks, analysts expect Identiv to report annual earnings of $0.09 per share for the current year, with EPS estimates ranging from $0.02 to $0.15. For next year, analysts expect the company to post earnings of $0.44 per share, with EPS estimates ranging from $0.34 to $0.53. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that provide coverage for Identiv.
Identiv (NASDAQ:INVE – Get Rating) last reported quarterly earnings data on Wednesday, March 2. The tech company reported ($0.10) earnings per share (EPS) for the quarter, missing analyst consensus estimates of $0.03 per ($0.13). Identiv had a net margin of 1.56% and a return on equity of 1.51%. In the same quarter of the previous year, the company had earned earnings per share of ($0.05).
Several research analysts have recently published reports on INVE shares. Zacks Investment Research downgraded Identiv shares from a “hold” rating to a “strong sell” rating in a Saturday, March 5 research rating. StockNews.com downgraded Identiv’s shares from a “hold” rating to a “sell” rating in a research note on Thursday.
In related news, major shareholder Lp Bleichroeder purchased 59,370 shares of Identiv in a trade dated Friday, March 4. 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 legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, director Gary Kremen sold 22,838 shares of Identiv in a trade that took place on Thursday, March 3. The stock was sold at an average price of $18.59, for a total transaction of $424,558.42. The disclosure of this sale can be found here. Over the past 90 days, insiders have purchased 116,875 shares of the company valued at $1,771,864. 8.60% of the shares are held by insiders of the company.
Several institutional investors and hedge funds have been buying and selling stocks recently. UBS Group AG bought a new position in Identiv during the third quarter worth approximately $31,000. Royal Bank of Canada increased its holdings in Identiv by 47.7% during the second quarter. Royal Bank of Canada now owns 2,415 shares of the tech company valued at $41,000 after buying an additional 780 shares last quarter. Citigroup Inc. increased its holdings of Identiv shares by 151.5% in the third quarter. Citigroup Inc. now owns 2,472 shares of the technology company worth $47,000 after buying 1,489 more shares last quarter. EverSource Wealth Advisors LLC bought a new stock position in Identiv in the fourth quarter worth $62,000. Finally, BNP Paribas Arbitrage SA increased its stake in Identiv shares by 377.4% in the third quarter. BNP Paribas Arbitrage SA now owns 3,800 shares of the technology company worth $72,000 after buying 3,004 additional shares last quarter. 61.87% of the shares are currently held by institutional investors.
NASDAQ:INVE traded down $0.10 at midday on Friday, hitting $16.74. The stock had a trading volume of 166,317 shares, compared to an average trading volume of 267,808. The stock has a 50-day simple moving average of $19.09 and a two-hundred-day simple moving average of 20, $62. The stock has a market capitalization of $373.30 million, a PE ratio of -1,674.00 and a beta of 1.65. Identiv has a 12-month low of $10.59 and a 12-month high of $29.00.
Identiv Company Profile (Get an evaluation)
Identiv, Inc is committed to providing physical security and secure identification solutions. Its products include physical and video access control, logical access control, credentials and RFID inlays and tags. The company serves government, healthcare, airports and aviation, and education. It operates through the Identity and Premises segments.
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