Identiv (NASDAQ:INVE) Upgraded to “Hold” at StockNews.com

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

INVE has been the topic of a number of other research reports. Craig Hallum reduced their price target on Identiv from $9.00 to $8.00 and set a buy rating on the stock in a report on Thursday, May 9th. B. Riley cut their price objective on Identiv from $10.00 to $9.50 and set a buy rating on the stock in a research report on Wednesday, March 13th.

Identiv Trading Up 6.3 %

INVE opened at $4.23 on Thursday. The business’s 50-day moving average price is $4.26 and its 200-day moving average price is $6.28. Identiv has a 12 month low of $3.94 and a 12 month high of $9.26.

Identiv (NASDAQ:INVE) last released 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). The company had revenue of $22.49 million during the quarter, compared to analysts’ expectations of $23.00 million. Identiv had a negative return on equity of 9.99% and a negative net margin of 6.49%. During the same quarter in the prior year, the firm posted ($0.13) EPS. On average, equities analysts forecast that Identiv will post -0.82 earnings per share for the current fiscal year.

Insider Transactions at Identiv

In other news, Director Gary Kremen acquired 25,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average cost of $4.14 per share, for a total transaction of $103,500.00. Following 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 document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Gary Kremen acquired 25,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average cost of $4.14 per share, for a total transaction of $103,500.00. Following 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kirsten F. Newquist acquired 17,166 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average price of $4.47 per share, with a total value of $76,732.02. Following the completion of the acquisition, the insider now owns 17,166 shares in the company, valued at $76,732.02. The disclosure for this purchase can be found here. Insiders have purchased a total of 61,166 shares of company stock valued at $260,522 in the last ninety days. 4.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Identiv

A number of hedge funds have recently added to or reduced their stakes in INVE. Citigroup Inc. bought a new position in shares of Identiv during the 3rd quarter valued at $459,000. Assenagon Asset Management S.A. lifted its holdings in shares of Identiv by 10.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 108,707 shares of the technology company’s stock valued at $896,000 after buying an additional 10,543 shares during the period. Essex Investment Management Co. LLC lifted its holdings in shares of 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 buying an additional 6,016 shares during the period. Roumell Asset Management LLC lifted its holdings in shares of Identiv by 28.7% during the 4th quarter. Roumell Asset Management LLC now owns 426,278 shares of the technology company’s stock valued at $3,513,000 after buying an additional 95,000 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 3,407 shares during the period. 65.16% of the stock is currently owned by hedge funds and other institutional investors.

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.