Identive Group Inc (NASDAQ:INVE) Institutional Investors Quarterly Sentiment

September 14, 2018 - By Mary Kidd

Identiv, Inc. (NASDAQ:INVE) Logo

Sentiment for Identive Group Inc (NASDAQ:INVE)

Identive Group Inc (NASDAQ:INVE) institutional sentiment increased to 1.44 in Q2 2018. Its up 0.26, from 1.18 in 2018Q1. The ratio improved, as 13 hedge funds opened new and increased stock positions, while 9 reduced and sold stock positions in Identive Group Inc. The hedge funds in our partner’s database reported: 4.50 million shares, up from 4.48 million shares in 2018Q1. Also, the number of hedge funds holding Identive Group Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 4 Increased: 8 New Position: 5.

Identiv, Inc. operates as a security technology firm that secures and manages access to physical places, things, and information worldwide. The company has market cap of $95.96 million. It operates through four divisions: Premises , Identity, Credentials, and All Other. It currently has negative earnings. The PACS segment offers modular Hirsch MX controllers that allow clients to start with a small system and expand over time; Hirsch Velocity software platform for centralized management of access and security activities across an organization; Federal Identity, Credential and Access Management architecture, an access control system; and TouchSecure door readers that provide various features to support security standards.

The stock decreased 1.73% or $0.11 during the last trading session, reaching $6.25. About 10,215 shares traded. Identiv, Inc. (NASDAQ:INVE) has risen 43.94% since September 14, 2017 and is uptrending. It has outperformed by 28.32% the S&P500.

Analysts await Identiv, Inc. (NASDAQ:INVE) to report earnings on November, 8. They expect $-0.03 EPS, up 57.14 % or $0.04 from last year’s $-0.07 per share. After $-0.10 actual EPS reported by Identiv, Inc. for the previous quarter, Wall Street now forecasts -70.00 % EPS growth.

Essex Investment Management Co Llc holds 0.22% of its portfolio in Identiv, Inc. for 445,314 shares. Thompson Davis & Co. Inc. owns 4,000 shares or 0.04% of their US portfolio. Moreover, First Eagle Investment Management Llc has 0.02% invested in the company for 1.85 million shares. The California-based Hollencrest Capital Management has invested 0.02% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 5 shares.

Identiv, Inc. (NASDAQ:INVE) Ratings Coverage

Ratings analysis reveals 100% of Identiv’s analysts are positive. Out of 3 Wall Street analysts rating Identiv, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $7 while the high is $9. The stock’s average target of $8.33 is 33.28% above today’s ($6.25) share price. INVE was included in 3 notes of analysts from July 9, 2018.

More news for Identiv, Inc. (NASDAQ:INVE) were recently published by: Nasdaq.com, which released: “Identiv Launches Its First Certificate-Based PKI Credential for Microsoft® Minidriver” on August 23, 2018. Nasdaq.com‘s article titled: “Identiv to Present at the 7th Annual Liolios Gateway Conference on September 5, 2018” and published on August 23, 2018 is yet another important article.

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