In a report released today, Matthew Galinko from National Securities Corp maintained a Buy rating on Identiv (INVE), with a price target of $8. The company’s shares closed yesterday at $5.15.
According to TipRanks.com, Galinko is a 3-star analyst with an average return of 2.1% and a 50.0% success rate. Galinko covers the Consumer Goods sector, focusing on stocks such as Ribbon Communications Inc, Xperi Corporation, and Shotspotter Inc.
Currently, the analyst consensus on Identiv is a Strong Buy with an average price target of $9.19.
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The company has a one-year high of $6.87 and a one-year low of $3.34. Currently, Identiv has an average volume of 23.65K.
Based on the recent corporate insider activity of 24 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 provision of physical security and secure identification products. It operates through the Premises and Identity segments.
