38,306 Shares in Identiv, Inc. (NASDAQ:INVE) Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC bought a new position in Identiv, Inc. (NASDAQ:INVE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 38,306 shares of the technology company’s stock, valued at approximately $164,000. Acadian Asset Management LLC owned approximately 0.16% of Identiv at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position 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 in the last quarter. Essex Investment Management Co. LLC raised 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. Roumell Asset Management LLC raised 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 valued at $3,513,000 after acquiring an additional 95,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position 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 acquiring an additional 3,407 shares during the last quarter. 65.16% of the stock is owned by institutional investors.

Identiv Stock Up 0.7 %

Shares of NASDAQ:INVE opened at $3.58 on Friday. The stock has a market cap of $83.71 million, a PE ratio of -9.94 and a beta of 1.35. The company’s fifty day moving average is $3.59 and its 200 day moving average is $4.70. Identiv, Inc. has a 52 week low of $2.95 and a 52 week high of $9.24.

Identiv (NASDAQ:INVE) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.05). Identiv had a negative net margin of 13.77% and a negative return on equity of 18.44%. The company had revenue of $6.74 million for the quarter, compared to the consensus estimate of $24.00 million. Sell-side analysts anticipate that Identiv, Inc. will post -1.02 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.