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

Identiv, Inc. (NASDAQ:INVEGet Rating) – Stock analysts at B. Riley dropped their Q3 2022 earnings per share estimates for shares of Identiv in a research report issued to clients and investors on Thursday, August 4th. B. Riley analyst C. Ellis now forecasts that the technology company will post earnings per share of $0.06 for the quarter, down from their previous estimate 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.

Identiv (NASDAQ:INVEGet Rating) last announced 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 previous year, the firm posted ($0.01) earnings per share.

Several other equities research analysts have also recently weighed in on the company. Craig Hallum began coverage on Identiv in a research note on Monday, April 25th. They set a “buy” rating and a $20.00 target price for the company. Lake Street Capital decreased their target price on Identiv from $28.00 to $21.00 in a research note on Thursday.

Identiv Stock Down 0.9 %

INVE stock opened at $15.16 on Friday. The business has a 50 day moving average price of $12.35 and a 200 day moving average price of $14.62. The stock has a market cap of $338.60 million, a price-to-earnings ratio of -168.43 and a beta of 1.69. Identiv has a fifty-two week low of $10.70 and a fifty-two week high of $29.00.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of INVE. Amalgamated Bank acquired a new position in shares of Identiv in the first quarter valued at approximately $56,000. BNP Paribas Arbitrage SA grew its holdings in Identiv by 19.9% during the fourth quarter. BNP Paribas Arbitrage SA now owns 4,557 shares of the technology company’s stock worth $128,000 after acquiring an additional 757 shares during the period. JPMorgan Chase & Co. grew its holdings in Identiv by 22.7% during the first quarter. JPMorgan Chase & Co. now owns 10,096 shares of the technology company’s stock worth $163,000 after acquiring an additional 1,865 shares during the period. MetLife Investment Management LLC grew its holdings in Identiv by 54.0% during the first quarter. MetLife Investment Management LLC now owns 11,884 shares of the technology company’s stock worth $192,000 after acquiring an additional 4,167 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in Identiv during the fourth quarter worth $231,000. Institutional investors and hedge funds own 65.26% of the company’s stock.

About Identiv

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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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