Renaissance Technologies LLC Boosts Holdings in Identiv, Inc. (NASDAQ:INVE)

Renaissance Technologies LLC raised its holdings in Identiv, Inc. (NASDAQ:INVE) by 4.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 86,382 shares of the technology company’s stock after acquiring an additional 4,000 shares during the period. Renaissance Technologies LLC’s holdings in Identiv were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in Identiv during the second quarter valued at approximately $164,000. Perritt Capital Management Inc increased its stake in shares of Identiv by 54.2% in the second quarter. Perritt Capital Management Inc now owns 85,300 shares of the technology company’s stock worth $367,000 after buying an additional 30,000 shares during the period. Assenagon Asset Management S.A. increased 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 worth $994,000 after buying an additional 140,981 shares during the period. Essex Investment Management Co. LLC increased its position in Identiv by 1.5% during 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 purchasing an additional 6,016 shares during the period. Finally, Vanguard Group Inc. increased its position in Identiv by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,190,743 shares of the technology company’s stock valued at $9,431,000 after purchasing an additional 3,407 shares during the period. Hedge funds and other institutional investors own 65.16% of the company’s stock.

Wall Street Analyst Weigh In

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

Identiv Stock Performance

INVE stock opened at $3.63 on Friday. The firm has a fifty day moving average price of $3.44 and a 200 day moving average price of $4.25. Identiv, Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $9.24. The firm has a market cap of $84.88 million, a PE ratio of -10.08 and a beta of 1.35.

Identiv (NASDAQ:INVE) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.31) EPS 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 analysts’ expectations of $24.00 million. On average, equities analysts predict that Identiv, Inc. will post -1.02 EPS for the current year.

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.