Identiv (INVE) Receives a Buy from Maxim Group


In a report released yesterday, Nehal Chokshi from Maxim Group reiterated a Buy rating on Identiv (INVE), with a price target of $9. The company’s shares closed yesterday at $4.98.

Chokshi observed:

“Thursby Software Systems acquisition increasingly looking like a great acquisition. Organic growth appears strong, partially driven by federal, and sustainable cost leadership. Reiterate Buy rating, given market share gains in secularly growing market with demonstrated margin expansion.”

According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 8.4% and a 56.1% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Palo Alto Networks, and Turtle Beach Corp.

Currently, the analyst consensus on Identiv is a Strong Buy with an average price target of $9, an 80.7% upside from current levels. In a report issued on May 10, Northland Securities also reiterated a Buy rating on the stock with a $11 price target.

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Based on Identiv’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $815K. In comparison, last year the company had a GAAP net loss of $2.31 million.

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Identiv, Inc. engages in the provision of physical security and secure identification products. It operates through the Premises and Identity segments.

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