Identiv (INVE) Gets a Buy Rating from National Securities Corp

By Jason Carr

In a report released today, Matthew Galinko from National Securities Corp initiated coverage with a Buy rating on Identiv (INVEResearch Report) and a price target of $8. The company’s shares closed yesterday at $4.82.

According to TipRanks.com, Galinko is a 3-star analyst with an average return of 8.2% and a 68.4% success rate. Galinko covers the Consumer Goods sector, focusing on stocks such as Xperi Corporation, Shotspotter Inc, and Inseego Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Identiv with a $8.75 average price target, implying an 81.5% upside from current levels. In a report released yesterday, Northland Securities also maintained 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 $2.75 million.

Based on the recent corporate insider activity of 23 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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