Identiv (NASDAQ:INVE) Posts Earnings Results, Misses Estimates By $0.06 EPS

Identiv (NASDAQ:INVE - Get Free Report) announced its quarterly earnings data on Wednesday. The technology company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.06), RTT News reports. Identiv had a negative net margin of 4.72% and a negative return on equity of 7.39%. During the same quarter last year, the business posted ($0.13) EPS. Identiv updated its Q2 2024 guidance to EPS.

Identiv Trading Down 0.2 %

NASDAQ INVE traded down $0.01 on Wednesday, reaching $5.01. The company's stock had a trading volume of 87,977 shares, compared to its average volume of 88,105. Identiv has a 52 week low of $4.72 and a 52 week high of $9.26. The firm has a market cap of $116.89 million, a PE ratio of -17.89 and a beta of 1.39. The business has a 50-day moving average price of $6.53 and a 200 day moving average price of $7.10.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. B. Riley cut their price target on Identiv from $10.00 to $9.50 and set a "buy" rating for the company in a report on Wednesday, March 13th. StockNews.com lowered Identiv from a "hold" rating to a "sell" rating in a research note on Monday.

Identiv Company Profile

Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.