Identiv, Inc. (NASDAQ:INVE – Get Free Report) CFO Justin Scarpulla acquired 6,565 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average cost of $3.20 per share, for a total transaction of $21,008.00. Following the completion of the purchase, the chief financial officer now directly owns 231,178 shares of the company’s stock, valued at $739,769.60. The trade was a 2.92 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Identiv Stock Up 0.6 %
NASDAQ:INVE traded up $0.02 during trading hours on Monday, reaching $3.20. The company had a trading volume of 66,798 shares, compared to its average volume of 84,821. Identiv, Inc. has a twelve month low of $2.95 and a twelve month high of $8.52. The firm has a market cap of $76.43 million, a price-to-earnings ratio of 1.05 and a beta of 1.38. The business’s 50-day simple moving average is $3.55 and its two-hundred day simple moving average is $3.63.
Identiv (NASDAQ:INVE – Get Free Report) last posted its earnings results on Wednesday, March 5th. The technology company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.14. The company had revenue of $6.70 million during the quarter, compared to the consensus estimate of $6.12 million. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. During the same period in the previous year, the firm posted $0.02 earnings per share. As a group, equities analysts predict that Identiv, Inc. will post -1.11 earnings per share for the current year.
Institutional Investors Weigh In On Identiv
Analyst Ratings Changes
Separately, Lake Street Capital lowered their price objective on shares of Identiv from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, March 6th.
View Our Latest Analysis on Identiv
Identiv Company Profile
Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It 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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