Identiv (NASDAQ:INVE) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Identiv (NASDAQ:INVE) from a sell rating to a hold rating in a research report report published on Saturday.

Separately, Craig Hallum cut their price target on shares of Identiv from $9.00 to $8.00 and set a buy rating for the company in a research note on Thursday, May 9th.

Identiv Trading Up 2.5 %

Shares of INVE opened at $4.06 on Friday. Identiv has a 12 month low of $3.84 and a 12 month high of $9.26. The firm has a fifty day simple moving average of $4.18 and a 200 day simple moving average of $6.06. The stock has a market capitalization of $94.93 million, a price-to-earnings ratio of -11.28 and a beta of 1.35.

Identiv (NASDAQ:INVE) last announced its earnings results on Wednesday, May 8th. The technology company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.06). Identiv had a negative return on equity of 9.99% and a negative net margin of 6.49%. The business had revenue of $22.49 million for the quarter, compared to analyst estimates of $23.00 million. During the same quarter in the previous year, the company posted ($0.13) EPS. As a group, research analysts predict that Identiv will post -0.82 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Steven Humphreys acquired 10,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were bought at an average cost of $4.15 per share, with a total value of $41,500.00. Following the completion of the transaction, the chief executive officer now directly owns 191,939 shares of the company’s stock, valued at $796,546.85. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Steven Humphreys acquired 10,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were bought at an average cost of $4.15 per share, with a total value of $41,500.00. Following the completion of the transaction, the chief executive officer now directly owns 191,939 shares of the company’s stock, valued at $796,546.85. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kirsten F. Newquist acquired 17,166 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average cost of $4.47 per share, for a total transaction of $76,732.02. Following the completion of the transaction, the insider now directly owns 17,166 shares of the company’s stock, valued at $76,732.02. The disclosure for this purchase can be found here. Insiders have purchased 61,166 shares of company stock valued at $260,522 over the last ninety days. 4.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Identiv

Large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. increased its position in Identiv by 156.3% during the second quarter. Assenagon Asset Management S.A. now owns 231,167 shares of the technology company’s stock worth $994,000 after acquiring an additional 140,981 shares during the period. Roumell Asset Management LLC increased its position in Identiv by 28.7% during the fourth quarter. Roumell Asset Management LLC now owns 426,278 shares of the technology company’s stock worth $3,513,000 after acquiring an additional 95,000 shares during the period. Citigroup Inc. bought a new position in Identiv during the third quarter worth about $459,000. Essex Investment Management Co. LLC increased its position in Identiv by 1.5% during the first quarter. Essex Investment Management Co. LLC now owns 395,438 shares of the technology company’s stock worth $3,132,000 after acquiring an additional 6,016 shares during the period. Finally, Vanguard Group Inc. increased its position in Identiv by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,190,743 shares of the technology company’s stock worth $9,431,000 after acquiring an additional 3,407 shares during the period. 65.16% of the stock is owned by institutional investors.

About Identiv

Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.