Analysts Conflicted on These Consumer Goods Names: Shotspotter Inc (SSTI), Quantenna Communications (QTNA) and Identiv (INVE)


Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Shotspotter Inc (SSTI), Quantenna Communications (QTNA) and Identiv (INVE).

Shotspotter Inc (SSTI)

Northland Securities analyst Tim Klasell maintained a Buy rating on Shotspotter Inc today and set a price target of $60. The company’s shares closed yesterday at $54.85.

According to TipRanks.com, Klasell is a 5-star analyst with an average return of 20.5% and a 70.4% success rate. Klasell covers the Technology sector, focusing on stocks such as ServiceSource International Inc, Tyler Technologies, and Zix Corporation.

Shotspotter Inc has an analyst consensus of Strong Buy, with a price target consensus of $59.

See today’s analyst top recommended stocks >>

Quantenna Communications (QTNA)

In a report released today, Gus Richard from Northland Securities maintained a Hold rating on Quantenna Communications, with a price target of $24.50. The company’s shares closed yesterday at $24.21, close to its 52-week high of $24.48.

Richard commented:

“We believe that carriers represent over 90% of the company’s revenue.”

According to TipRanks.com, Richard is a 5-star analyst with an average return of 25.1% and a 69.2% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Axcelis Technologies, and Power Integrations.

Quantenna Communications has an analyst consensus of Hold, with a price target consensus of $24.50.

Identiv (INVE)

Northland Securities analyst Michael Latimore reiterated a Buy rating on Identiv today and set a price target of $11. The company’s shares closed yesterday at $5.31.

Latimore said:

“We believe INVE is well positioned to benefit from the increasing demand for software-defined security systems and identity management. INVE is showing strong growth and expanding margins, reflective of its improved market position obtained via organic development and complementary acquisitions. IMPORTANT DISCLOSURES AND ANALYST CERTIFICATION ON PAGE 6Premises (access control infrastructure, video analytics) revenue of $9.3 mil, up 24% y/y, and v. our $9.4 mil est. Gross margin 47.0% v. our estimate of 54.5%. Identiv wrote off about $500k of inventory in the quarter, and expects gross margin to return to normal levels of over 50% going forward. Identiv said it won a 500 site federal FICAM deal. We believe that could be $12+ million over two years. Launched Freedom Enterphone product lines through channels and expanded distribution.”

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 15.0% and a 57.5% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Identiv with a $9 average price target, which is a 69.5% upside from current levels. In a report issued on April 30, Oppenheimer also initiated coverage with a Buy rating on the stock with a $7 price target.

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