Identiv (INVE) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Identiv in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" INVE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INVE, but not buy additional shares or sell existing shares.
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2 Wall Street research analysts have issued 1 year target prices for Identiv's shares. Their INVE share price forecasts range from $11.00 to $12.00. On average, they predict the company's stock price to reach $11.50 in the next twelve months. This suggests a possible upside of 60.8% from the stock's current price.
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Identiv's stock was trading at $7.24 at the start of the year. Since then, INVE stock has decreased by 1.2% and is now trading at $7.15.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Identiv, Inc. (NASDAQ:INVE) released its quarterly earnings data on Wednesday, March, 2nd. The technology company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.03 by $0.13. The technology company had revenue of $28.52 million for the quarter, compared to the consensus estimate of $28.45 million. Identiv had a negative trailing twelve-month return on equity of 2.85% and a negative net margin of 1.86%. During the same quarter in the prior year, the business posted ($0.05) earnings per share.

Identiv issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $125.00 million-$130.00 million, compared to the consensus revenue estimate of $125.86 million.

7 employees have rated Identiv Chief Executive Officer Steve Humphreys on Glassdoor.com. Steve Humphreys has an approval rating of 45% among the company's employees. This puts Steve Humphreys in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Identiv investors own include Uranium Energy (UEC), Hawkins (HWKN), Energy Transfer (ET), CA (CA), CBL & Associates Properties (CBL), Ford Motor (F), SandRidge Permian Trust (PER), AT&T (T), Cornerstone Total Return Fund (CRF) and Endologix (ELGX).

Identiv trades on the NASDAQ under the ticker symbol "INVE."

Identiv's stock is owned by a variety of retail and institutional investors. Top institutional investors include Portolan Capital Management LLC (5.73%), BlackRock Inc. (5.59%), Royce & Associates LP (3.17%), Geode Capital Management LLC (1.82%), Jacob Asset Management of New York LLC (1.76%) and State Street Corp (1.66%). Insiders that own company stock include Gary Kremen, James E Ousley, Justin Scarpulla, Lp Bleichroeder, Nina B Shapiro and Steven Humphreys.
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Shares of INVE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of INVE stock can currently be purchased for approximately $7.15.

Identiv (NASDAQ:INVE) has a market capitalization of $164.24 million and generates $112.92 million in revenue each year. The technology company earns $-390,000.00 in net income (profit) each year or ($0.14) on an earnings per share basis.

The company employs 329 workers across the globe.

Identiv's mailing address is 2201 Walnut Avenue Suite 100, Fremont CA, 94538. The official website for the company is www.identiv.com. The technology company can be reached via phone at (949) 250-8888, via email at identiv-ir@sardverb.com, or via fax at 949-250-7263.