Identiv (NASDAQ:INVE) Releases Earnings Results, Misses Estimates By $0.04 EPS

Identiv (NASDAQ:INVEGet Free Report) posted its quarterly earnings results on Tuesday. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04), RTT News reports. The business had revenue of $28.99 million for the quarter, compared to analysts’ expectations of $30.00 million. Identiv had a negative return on equity of 7.39% and a negative net margin of 4.72%. Identiv updated its Q1 2024 guidance to EPS.

Identiv Trading Up 0.7 %

Shares of INVE stock opened at $7.60 on Friday. Identiv has a 12-month low of $4.72 and a 12-month high of $9.26. The company has a market capitalization of $176.12 million, a P/E ratio of -27.14 and a beta of 1.30. The business’s 50 day moving average is $8.08 and its two-hundred day moving average is $7.66.

Institutional Investors Weigh In On Identiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG raised its position in shares of Identiv by 132.7% in the fourth quarter. UBS Group AG now owns 3,490 shares of the technology company’s stock valued at $25,000 after buying an additional 1,990 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Identiv by 68.7% during the third quarter. Tower Research Capital LLC TRC now owns 3,535 shares of the technology company’s stock worth $44,000 after buying an additional 1,440 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Identiv by 158.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,879 shares of the technology company’s stock valued at $56,000 after purchasing an additional 2,988 shares during the last quarter. BNP Paribas Arbitrage SNC increased its holdings in Identiv by 49.8% in the third quarter. BNP Paribas Arbitrage SNC now owns 7,307 shares of the technology company’s stock valued at $92,000 after buying an additional 2,428 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Identiv by 22.7% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 56.47% of the company’s stock.

About Identiv

(Get Free Report)

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 for Identiv (NASDAQ:INVE)

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