Identiv (NASDAQ:INVE) Rating Lowered to Sell at StockNews.com

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

Separately, Lake Street Capital dropped their price target on shares of Identiv from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th.

Identiv Stock Up 4.0 %

INVE stock opened at $3.42 on Thursday. The company has a market capitalization of $80.44 million, a P/E ratio of 1.12 and a beta of 1.38. The company has a 50-day simple moving average of $3.52 and a 200 day simple moving average of $3.62. Identiv has a fifty-two week low of $2.95 and a fifty-two week high of $8.52.

Identiv (NASDAQ:INVE) last posted its quarterly earnings data on Wednesday, March 5th. The technology company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.14. The business had revenue of $6.70 million during the quarter, compared to the consensus estimate of $6.12 million. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. During the same quarter in the prior year, the company posted $0.02 earnings per share. Equities analysts anticipate that Identiv will post -1.11 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Kirsten F. Newquist acquired 19,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $3.32 per share, for a total transaction of $63,080.00. Following the acquisition, the chief executive officer now owns 258,931 shares in the company, valued at approximately $859,650.92. This represents a 7.92 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.60% of the stock is owned by company insiders.

Institutional Trading of Identiv

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Identiv during the 4th quarter worth about $37,000. Occudo Quantitative Strategies LP acquired a new stake in Identiv during the 4th quarter worth about $49,000. Marshall Wace LLP acquired a new stake in Identiv during the 4th quarter worth about $51,000. Jane Street Group LLC acquired a new stake in Identiv during the 4th quarter worth about $54,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Identiv during the 3rd quarter worth about $228,000. 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.