Identiv - INVE Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Identiv in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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3 equities research analysts have issued 1-year price objectives for Identiv's shares. Their INVE share price forecasts range from $12.00 to $20.00. On average, they expect the company's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 156.8% 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 19.3% and is now trading at $5.84.
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Identiv saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 518,300 shares, a drop of 21.0% from the February 28th total of 655,700 shares. Based on an average daily volume of 113,800 shares, the days-to-cover ratio is currently 4.6 days. Currently, 2.4% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our INVE earnings forecast.

Identiv, Inc. (NASDAQ:INVE) issued its quarterly earnings data on Wednesday, March, 2nd. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.03 by $0.13. The technology company had revenue of $28.52 million for the quarter, compared to analysts' expectations of $28.45 million. Identiv had a negative net margin of 0.35% and a negative trailing twelve-month return on equity of 0.53%. During the same period last year, the firm posted ($0.05) EPS.

RiverFront Dynamic US Flex-Cap ETF holds 10,483 shares of INVE stock, representing 0.31% of its portfolio.

Identiv updated its FY 2023 earnings guidance on Thursday, March, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $125.00 million-$130.00 million, compared to the consensus revenue estimate of $130.43 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 institutional and retail investors. Top institutional investors include Portolan Capital Management LLC (9.44%), Harbert Fund Advisors Inc. (3.49%), Marathon Capital Management (3.09%), Northern Right Capital Management L.P. (2.17%), Geode Capital Management LLC (1.74%) and Dimensional Fund Advisors LP (1.47%). 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 $5.84.

Identiv (NASDAQ:INVE) has a market capitalization of $132.39 million and generates $112.92 million in revenue each year. The technology company earns $-390,000.00 in net income (profit) each year or ($0.07) 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.