Perritt Capital Management Inc Has $367,000 Stake in Identiv, Inc. (NASDAQ:INVE)

Perritt Capital Management Inc raised its stake in shares of Identiv, Inc. (NASDAQ:INVE) by 54.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 85,300 shares of the technology company’s stock after purchasing an additional 30,000 shares during the quarter. Perritt Capital Management Inc owned 0.36% of Identiv worth $367,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in Identiv during the second quarter valued at about $164,000. Assenagon Asset Management S.A. raised its stake in shares of Identiv by 156.3% in the second quarter. Assenagon Asset Management S.A. now owns 231,167 shares of the technology company’s stock valued at $994,000 after purchasing an additional 140,981 shares in the last quarter. Essex Investment Management Co. LLC lifted its position in Identiv by 1.5% in 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 period. Roumell Asset Management LLC boosted its stake 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 buying an additional 95,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Identiv by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,190,743 shares of the technology company’s stock valued at $9,431,000 after buying an additional 3,407 shares during the period. Institutional investors and hedge funds own 65.16% of the company’s stock.

Identiv Stock Up 1.5 %

INVE opened at $3.45 on Thursday. Identiv, Inc. has a twelve month low of $2.95 and a twelve month high of $9.24. The firm’s 50-day simple moving average is $3.69 and its 200-day simple moving average is $4.94.

Identiv (NASDAQ:INVE) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.05). Identiv had a negative return on equity of 18.44% and a negative net margin of 13.77%. The firm had revenue of $6.74 million for the quarter, compared to analyst estimates of $24.00 million. Equities analysts expect that Identiv, Inc. will post -1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on INVE shares. B. Riley reduced their price objective on shares of Identiv from $9.50 to $8.50 and set a “buy” rating for the company in a report on Friday, August 9th. Craig Hallum decreased their price objective on Identiv from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, StockNews.com cut Identiv from a “hold” rating to a “sell” rating in a report on Friday, August 9th.

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.