Identiv (INVE) Gets a Buy Rating from Northland Securities

By Austin Angelo

Northland Securities analyst Michael Latimore reiterated a Buy rating on Identiv (NASDAQ: INVE) on August 10 and set a price target of $10. The company’s shares closed on Friday at $6.11, close to its 52-week high of $6.50.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 16.5% and a 64.1% success rate. Latimore covers the Technology sector, focusing on stocks such as The Meet Group Inc, Vonage Holdings, and Everbridge Inc.

Identiv has an analyst consensus of Strong Buy, with a price target consensus of $8.67, implying a 41.9% upside from current levels. In a report issued on August 1, Roth Capital also initiated coverage with a Buy rating on the stock with a $9 price target.

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Based on Identiv’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.75 million. In comparison, last year the company had a GAAP net loss of $1.9 million.

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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.