Northland Securities Reaffirms Their Buy Rating on Identiv (INVE)

Northland Securities analyst Michael Latimore maintained a Buy rating on Identiv (INVEResearch Report) today and set a price target of $11. The company’s shares closed last Monday at $4.85.

Latimore observed:

“We marketed with INVE management this week on the back of the GSX conference. Management highlighted that industry trends to open, software- based architectures are accelerating opportunities. INVE now believes it has the full tech portfolio needed to address core market opportunities. We believe INVE has made great progress on winning new large customers, esp with video included. We estimate accelerating growth and margin expansion in 2H and material EBITDA levels in FY20. Complete Portfolio. Given organic development and acquisitions, INVE has become the only company able to serve all elements of the physical access security system ecosystem. This helps the company get into more deals, and lock out potential competitors as more and more customers are looking to buy the full portfolio from one vendor. Video analytics has proven to have notable differentiation in recent deals.”

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 8.7% and a 51.3% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Identiv with a $9.38 average price target.

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The company has a one-year high of $6.87 and a one-year low of $3.34. Currently, Identiv has an average volume of 29.17K.

Based on the recent corporate insider activity of 24 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.

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