In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Identiv (INVE), with a price target of $10. The company’s shares opened today at $5.94.
Latimore wrote:
“We hosted a call with INVE management last week. Management highlighted its comprehensive portfolio obtained via organic actions and acquisitions. INVE is now able to address not just perimeter security but all logical access points, and has opportunities for accelerated growth. We believe INVE’s diverse revenue sources and key infrastructure shielded the company from effects of the federal government shutdown. Key Points INVE Portfolio. Over the past year INVE acquired 3VR (video analytics), Thursby (mobile identity), and Viscount (open access control software). These acquisitions along with organic efforts, such as the new MX-1 (can control 16 wireless locks), provide INVE with a comprehensive technology portfolio.”
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 16.8% and a 59.9% success rate. Latimore covers the Technology sector, focusing on stocks such as Everbridge Inc, Veritone Inc, and Liveperson.
Identiv has an analyst consensus of Moderate Buy, with a price target consensus of $9.
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Based on Identiv’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $287K. In comparison, last year the company had a GAAP net loss of $4.52 million.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of INVE in relation to earlier this year.
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Identiv, Inc. engages in the business of security technology focuses on data, physical places and things. It operates through the following segments: Premises. Identity, and Credentials, and All Other.
