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

StockNews.com lowered shares of Identiv (NASDAQ:INVE) from a hold rating to a sell rating in a research report released on Wednesday morning.

Separately, Craig Hallum lowered their price objective 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 Stock Performance

NASDAQ INVE opened at $3.78 on Wednesday. The firm has a 50 day simple moving average of $4.15 and a 200-day simple moving average of $5.85. Identiv has a one year low of $3.78 and a one year high of $9.26. The firm has a market cap of $88.38 million, a price-to-earnings ratio of -10.50 and a beta of 1.35.

Identiv (NASDAQ:INVE) last posted its quarterly earnings data 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 net margin of 6.49% and a negative return on equity of 9.99%. The business had revenue of $22.49 million during the quarter, compared to analysts’ expectations of $23.00 million. During the same period in the previous year, the business posted ($0.13) EPS. Equities analysts predict that Identiv will post -0.82 EPS for the current fiscal year.

Insider Activity at Identiv

In other news, Director Gary Kremen bought 25,000 shares of Identiv stock in a transaction that occurred on Monday, May 20th. The shares were purchased 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 in the company, valued at $1,099,161.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Steven Humphreys bought 9,000 shares of Identiv stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average price of $4.31 per share, with a total value of $38,790.00. Following the completion of the acquisition, the chief executive officer now directly owns 200,939 shares in the company, valued at $866,047.09. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Kremen acquired 25,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were bought at an average cost of $4.14 per share, for a total transaction of $103,500.00. Following the acquisition, the director now 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 bought a total of 61,166 shares of company stock valued at $260,522 over the last 90 days. 4.60% of the stock is owned by corporate insiders.

Institutional Trading of Identiv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings 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 in the last quarter. Essex Investment Management Co. LLC raised its holdings 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 in the last quarter. Assenagon Asset Management S.A. raised its holdings 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 in the last quarter. Finally, Roumell Asset Management LLC raised its holdings 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 in 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.