Identiv (NASDAQ:INVE) Downgraded by StockNews.com to Sell

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

Separately, Craig Hallum lowered their target price on shares of Identiv from $9.00 to $8.00 and set a buy rating for the company in a report on Thursday, May 9th.

Identiv Stock Down 5.0 %

INVE stock opened at $3.78 on Wednesday. Identiv has a 52 week low of $3.78 and a 52 week high of $9.26. The company has a fifty day simple moving average of $4.15 and a two-hundred day simple moving average of $5.85. The firm has a market capitalization of $88.38 million, a P/E ratio of -10.50 and a beta of 1.35.

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). 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 for the quarter, compared to the consensus estimate of $23.00 million. During the same quarter last year, the business earned ($0.13) EPS. As a group, analysts anticipate that Identiv will post -0.82 EPS for the current year.

Insider Transactions at Identiv

In other news, insider Kirsten F. Newquist bought 17,166 shares of the stock in a transaction dated Thursday, May 23rd. The stock was purchased at an average price of $4.47 per share, for a total transaction of $76,732.02. Following the acquisition, the insider now owns 17,166 shares of the company’s stock, valued at $76,732.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Kirsten F. Newquist purchased 17,166 shares of Identiv stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average price of $4.47 per share, with a total value of $76,732.02. Following the purchase, the insider now directly owns 17,166 shares of the company’s stock, valued at approximately $76,732.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Kremen purchased 25,000 shares of Identiv 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 purchase, the director now directly owns 265,498 shares in the company, valued at $1,099,161.72. The disclosure for this purchase can be found here. In the last quarter, insiders bought 61,166 shares of company stock worth $260,522. 4.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. increased its stake in Identiv by 10.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 108,707 shares of the technology company’s stock worth $896,000 after buying an additional 10,543 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. Roumell Asset Management LLC increased its position in 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 purchasing an additional 95,000 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.

About Identiv

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.