Q3 2022 EPS Estimates for Identiv, Inc. (NASDAQ:INVE) Cut by B. Riley

Identiv, Inc. (NASDAQ:INVEGet Rating) – Equities researchers at B. Riley reduced their Q3 2022 earnings per share estimates for Identiv in a note issued to investors on Thursday, August 4th. B. Riley analyst C. Ellis now anticipates that the technology company will earn $0.06 per share for the quarter, down from their previous forecast of $0.08. B. Riley currently has a “Buy” rating and a $20.00 target price on the stock. The consensus estimate for Identiv’s current full-year earnings is $0.09 per share. B. Riley also issued estimates for Identiv’s Q4 2022 earnings at $0.05 EPS, FY2022 earnings at $0.05 EPS, Q1 2023 earnings at ($0.01) EPS, Q2 2023 earnings at $0.06 EPS, Q3 2023 earnings at $0.20 EPS, Q4 2023 earnings at $0.17 EPS and FY2023 earnings at $0.42 EPS.

Several other research firms also recently weighed in on INVE. Lake Street Capital reduced their target price on Identiv from $28.00 to $21.00 in a research report on Thursday. Craig Hallum assumed coverage on Identiv in a research report on Monday, April 25th. They set a “buy” rating and a $20.00 target price on the stock.

Identiv Trading Down 0.9 %

NASDAQ INVE opened at $15.16 on Friday. The business’s 50-day moving average price is $12.35 and its 200 day moving average price is $14.62. Identiv has a twelve month low of $10.70 and a twelve month high of $29.00. The company has a market capitalization of $338.60 million, a PE ratio of -168.43 and a beta of 1.69.

Identiv (NASDAQ:INVEGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The technology company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). Identiv had a positive return on equity of 2.23% and a negative net margin of 0.57%. During the same period in the prior year, the company earned ($0.01) EPS.

Insiders Place Their Bets

In other news, major shareholder Lp Bleichroeder purchased 10,000 shares of the company’s stock in a transaction on Tuesday, May 24th. The stock was bought at an average cost of $11.15 per share, for a total transaction of $111,500.00. Following the completion of the purchase, the insider now directly owns 2,629,008 shares of the company’s stock, valued at approximately $29,313,439.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Identiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bleichroeder LP increased its stake in Identiv by 8.7% during the first quarter. Bleichroeder LP now owns 2,387,936 shares of the technology company’s stock worth $38,613,000 after acquiring an additional 191,547 shares during the last quarter. Portolan Capital Management LLC grew its stake in shares of Identiv by 16.4% in the first quarter. Portolan Capital Management LLC now owns 2,029,694 shares of the technology company’s stock valued at $32,820,000 after buying an additional 286,196 shares in the last quarter. Wasatch Advisors Inc. grew its stake in shares of Identiv by 45.1% in the first quarter. Wasatch Advisors Inc. now owns 698,911 shares of the technology company’s stock valued at $11,301,000 after buying an additional 217,279 shares in the last quarter. Cooper Creek Partners Management LLC grew its stake in shares of Identiv by 33.2% in the first quarter. Cooper Creek Partners Management LLC now owns 548,202 shares of the technology company’s stock valued at $8,864,000 after buying an additional 136,728 shares in the last quarter. Finally, Royce & Associates LP grew its stake in shares of Identiv by 42.2% in the second quarter. Royce & Associates LP now owns 417,592 shares of the technology company’s stock valued at $4,836,000 after buying an additional 123,925 shares in the last quarter. 65.26% of the stock is currently owned by institutional investors and hedge funds.

Identiv Company Profile

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Identiv, Inc operates as a security technology company that secures things, data, and physical places in the Americas, Europe, the Middle East, and the Asia-Pacific. The company 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.

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Earnings History and Estimates for Identiv (NASDAQ:INVE)

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