StockNews.com Lowers Identiv (NASDAQ:INVE) to Sell

StockNews.com cut shares of Identiv (NASDAQ:INVE) from a hold rating to a sell rating in a research note published on Wednesday.

Separately, Craig Hallum reduced their price target on shares of Identiv from $9.00 to $8.00 and set a buy rating on the stock in a report on Thursday, May 9th.

Identiv Stock Performance

NASDAQ INVE opened at $3.78 on Wednesday. Identiv has a one year low of $3.78 and a one year high of $9.26. The firm’s fifty day moving average is $4.15 and its two-hundred day moving average is $5.88.

Identiv (NASDAQ:INVE) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $22.49 million for the quarter, compared to analyst estimates of $23.00 million. During the same quarter last year, the firm earned ($0.13) earnings per share. As a group, research analysts expect that Identiv will post -0.82 earnings per share for the current year.

Insider Buying and Selling at Identiv

In other Identiv news, Director Gary Kremen purchased 25,000 shares of Identiv stock in a transaction on Monday, May 20th. The shares were bought at an average price of $4.14 per share, with a total value of $103,500.00. Following the completion of the acquisition, the director now directly owns 265,498 shares of the company’s stock, valued at $1,099,161.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Kirsten F. Newquist acquired 17,166 shares of Identiv stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of $4.47 per share, with a total value of $76,732.02. Following the completion of the purchase, the insider now owns 17,166 shares of the company’s stock, valued at approximately $76,732.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gary Kremen purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average cost of $4.14 per share, with a total value of $103,500.00. Following the transaction, the director now directly owns 265,498 shares of the company’s stock, valued at approximately $1,099,161.72. The disclosure for this purchase can be found here. Insiders have acquired 61,166 shares of company stock valued at $260,522 over the last quarter. Corporate insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Identiv

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. increased its position in Identiv by 10.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 108,707 shares of the technology company’s stock worth $896,000 after purchasing an additional 10,543 shares during the last quarter. 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 purchasing an additional 6,016 shares during the last quarter. 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 purchasing an additional 95,000 shares during the last quarter. 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 purchasing an additional 3,407 shares during the last quarter. Institutional investors and hedge funds own 65.16% of the company’s stock.

Identiv Company Profile

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.