Imperial Capital Reiterates In-Line on Identiv (INVE) Following 3Q

November 14, 2016 7:20 AM EST
Get Alerts INVE Hot Sheet
Price: $3.48 +0.87%

Rating Summary:
    2 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
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Imperial Capital reiterated an In-Line rating and $3.00 price target on Identiv, Inc. (NASDAQ: INVE) following the company's 3Q earnings report. Revenue declined 9.5% year-over-year (yoy) to $15.6mn from $17.2mn, however, revenue was up 15.5% sequentially.

Analyst Jeff Kessler commented, "We are maintaining our In-Line rating and our one-year price target of $3 on INVE shares, about $0.50 above the recent share price. While our price target is about 20% above the recent share price, it is only about $0.50 away from the recent price, supporting our In-Line rating on the shares."

For an analyst ratings summary and ratings history on Identiv, Inc. click here. For more ratings news on Identiv, Inc. click here.

Shares of Identiv, Inc. closed at $2.51 yesterday.

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