Media stories about Identiv (NASDAQ:INVE) have trended somewhat positive on Tuesday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Identiv earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 47.6525512243273 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
Shares of Identiv (NASDAQ INVE) remained flat at $$3.11 during midday trading on Tuesday. 49,800 shares of the company traded hands, compared to its average volume of 67,594. The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. Identiv has a 12-month low of $2.41 and a 12-month high of $7.81.
A number of brokerages recently issued reports on INVE. Zacks Investment Research lowered Identiv from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. ValuEngine lowered Identiv from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Finally, Northland Securities set a $10.00 price target on Identiv and gave the company a “buy” rating in a report on Monday, August 7th.
In other news, Director Gary Kremen purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was purchased at an average price of $4.37 per share, for a total transaction of $43,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.30% of the stock is currently owned by insiders.
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Identiv Company Profile
Identiv, Inc is a global security technology company. The Company operates through four segments: Physical access control systems (PACS), Identity, Credentials and All Other. PACS segment provides solutions and services that enable the issuance, management and use of secure identity credentials in diverse markets.
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