Identiv (NASDAQ:INVE – Get Free Report) announced its quarterly earnings results on Wednesday. The technology company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.14, RTT News reports. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. The firm had revenue of $6.70 million during the quarter, compared to analysts’ expectations of $6.12 million. During the same quarter in the prior year, the company earned $0.02 EPS. Identiv updated its Q1 2025 guidance to EPS.
Identiv Trading Down 6.6 %
Shares of INVE opened at $3.24 on Friday. The firm has a market cap of $77.39 million, a PE ratio of 1.06 and a beta of 1.34. Identiv has a 12 month low of $2.95 and a 12 month high of $8.89. The stock has a fifty day moving average price of $3.60 and a 200-day moving average price of $3.63.
Wall Street Analyst Weigh In
INVE has been the subject of a number of recent research reports. Lake Street Capital reduced their price objective on shares of Identiv from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday. StockNews.com raised Identiv from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.
Identiv announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 7th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the technology company to buy up to 11.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
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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