Identiv, Inc. (INVE) Forms $3.40 Double Bottom; Newtek Business Services (NEWT) Sentiment Is 1

Newtek Business Services Corp. is a business development firm specializing in providing financial and business services to the small-and medium-sized business market in the United States. The company has market cap of $325.88 million. The firm also seeks to invest in early stage businesses. It has a 10.96 P/E ratio. The firm seeks to makes both debt and equity investments.

Identiv, Inc. (INVE) formed double bottom with $3.26 target or 4.00% below today’s $3.40 share price. Identiv, Inc. (INVE) has $48.43 million valuation. It closed at $3.4 lastly. It is down 183.17% since January 7, 2017 and is uptrending. It has outperformed by 166.47% the S&P500.

Analysts await Newtek Business Services Corp. (NASDAQ:NEWT) to report earnings on March, 5. They expect $0.55 EPS, up 19.57% or $0.09 from last year’s $0.46 per share. NEWT’s profit will be $9.90 million for 8.23 P/E if the $0.55 EPS becomes a reality. After $-0.07 actual EPS reported by Newtek Business Services Corp. for the previous quarter, Wall Street now forecasts -885.71% EPS growth.

Ratings analysis reveals 33% of Newtech’s analysts are positive. Out of 3 Wall Street analysts rating Newtech, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $16.0 while the high is $22.0. The stock’s average target of $18.29 is 1.05% above today’s ($18.1) share price. NEWT was included in 5 notes of analysts from August 3, 2015. The firm earned “Mkt Perform” rating on Thursday, October 22 by Raymond James. Keefe Bruyette & Woods initiated the shares of NEWT in report on Thursday, December 10 with “Outperform” rating. The rating was initiated by Compass Point with “Neutral” on Thursday, September 17. Singular Research maintained it with “Buy” rating and $22.0 target in Monday, August 3 report.

The stock decreased 0.17% or $0.03 during the last trading session, reaching $18.1. About 99,248 shares traded. Newtek Business Services Corp. (NEWT) has risen 37.63% since January 7, 2017 and is uptrending. It has outperformed by 20.93% the S&P500.

Bard Associates Inc holds 1.46% of its portfolio in Newtek Business Services Corp. for 175,556 shares. Opus Capital Group Llc owns 179,732 shares or 0.73% of their US portfolio. Moreover, West Family Investments Inc. has 0.46% invested in the company for 214,261 shares. The Michigan-based Northpointe Capital Llc has invested 0.45% in the stock. C M Bidwell & Associates Ltd, a Hawaii-based fund reported 8,615 shares.

Analysts await Identiv, Inc. (NASDAQ:INVE) to report earnings on March, 14. They expect $-0.08 earnings per share, up 20.00% or $0.02 from last year’s $-0.1 per share. After $-0.07 actual earnings per share reported by Identiv, Inc. for the previous quarter, Wall Street now forecasts 14.29% negative EPS growth.