Identiv (NASDAQ:INVE – Get a free report) was downgraded to a “sell” rating by research analysts at StockNews.com in a research note issued to investors on Friday.
Separately, Craig Hallum lowered his price target on Identiv from $9.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th.
Read our latest research report on INVE
Identiv shares down 0.3%
INVE stock opened at $3.59 on Friday. The company’s 50-day moving average is $4.08 and its 200-day moving average is $5.74. The company has a market cap of $83.93 million, a P/E ratio of -9.97 and a beta of 1.35. Identiv has a twelve-month low of $3.51 and a twelve-month high of $9.26.
Identiv (NASDAQ:INVE – Free Report) last released its quarterly earnings results on Wednesday, May 8. The technology company reported earnings per share of -$0.21 for the quarter, missing analysts’ consensus estimates of -$0.15 by -$0.06. The company had revenue of $22.49 million for the quarter, compared to analyst estimates of $23.00 million. Identiv had a negative net margin of 6.49% and a negative return on equity of 9.99%. During the same period last year, the company generated earnings per share of -$0.13. Research analysts expect that Identiv will report earnings per share of -$0.82 for the current fiscal year.
Insider buying and selling at Identiv
In other news, CEO Steven Humphreys bought 10,000 shares of the company’s stock on Friday, May 17. The shares were bought at an average price of $4.15 per share, for a total value of $41,500.00. Following the purchase, the CEO now directly owns 191,939 shares of the company’s stock, valued at approximately $796,546.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Steven Humphreys bought 10,000 shares of the company’s stock on Friday, May 17. The shares were bought at an average price of $4.15 per share, for a total value of $41,500.00. Following the purchase, the CEO now directly owns 191,939 shares of the company’s stock, valued at approximately $796,546.85. The transaction was disclosed in a document filed with the SEC, available at this link. Also, Director Gary Kremen acquired 25,000 shares of the company’s stock in a transaction dated Monday, May 20. The shares were bought at an average price of $4.14 per share, for a total value of $103,500.00. Following the acquisition, the director now directly owns 265,498 shares of the company’s stock, valued at $1,099,161.72. The disclosure for this purchase can be found here. Insiders have purchased 61,166 shares of the company’s stock, valued at $260,522, in the last 90 days. 4.60% of the shares are currently owned by company insiders.
Hedge funds comment on Identiv
Several hedge funds have recently made changes to their holdings in the stock. Vanguard Group Inc. increased its holdings in shares of Identiv by 0.3% in the 1st 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 in the last quarter. Roumell Asset Management LLC increased its holdings in shares of Identiv by 28.7% in the 4th 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 in the last quarter. Essex Investment Management Co. LLC increased its holdings in shares of Identiv by 1.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 395,438 shares of the technology company’s stock valued at $3,132,000 after acquiring an additional 6,016 shares in the last quarter. Assenagon Asset Management SA increased its stake in Identiv shares by 156.3% in the 2nd quarter. Assenagon Asset Management SA now owns 231,167 shares of the technology company’s stock valued at $994,000 after acquiring an additional 140,981 shares in the last quarter. Finally, Perritt Capital Management Inc increased its stake in Identiv shares by 54.2% in the 2nd quarter. Perritt Capital Management Inc now owns 85,300 shares of the technology company’s stock valued at $367,000 after acquiring an additional 30,000 shares in the last quarter. Institutional investors own 65.16% of the company’s stock.
About Identiv
(Get free report)
Identiv, Inc. is a security technology company that provides secure identification and physical security solutions that protect things, data and physical places worldwide. The company operates in two segments: Identity and Premises. The Identity segment provides products and solutions that enable secure access to information and serve the logical access and cybersecurity markets. In addition, it protects connected objects and information using embedded security through radio frequency identification.
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