StockNews.com Downgrades Identiv (NASDAQ:INVE) to Sell

Identiv (NASDAQ:INVE) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

Separately, Lake Street Capital lowered their price objective 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 Performance

Identiv stock opened at $3.42 on Thursday. Identiv has a fifty-two week low of $2.95 and a fifty-two week high of $8.52. The stock has a market cap of $81.69 million, a PE ratio of 1.12 and a beta of 1.38. The firm’s 50-day simple moving average is $3.52 and its 200 day simple moving average is $3.62.

Identiv (NASDAQ:INVE) last released its quarterly earnings results 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. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. The business had revenue of $6.70 million for the quarter, compared to analysts’ expectations of $6.12 million. During the same period in the previous year, the company earned $0.02 earnings per share. As a group, analysts predict that Identiv will post -1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Identiv news, CEO Kirsten F. Newquist purchased 19,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $3.32 per share, with a total value of $63,080.00. Following the completion of the transaction, the chief executive officer now directly owns 258,931 shares in the company, valued at approximately $859,650.92. This trade represents a 7.92 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.60% of the company’s stock.

Institutional Trading of Identiv

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in Identiv by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 282,303 shares of the technology company’s stock worth $1,033,000 after acquiring an additional 5,844 shares during the period. Raymond James Financial Inc. bought a new stake in Identiv during the 4th quarter worth approximately $37,000. Occudo Quantitative Strategies LP bought a new stake in Identiv during the 4th quarter worth approximately $49,000. Marshall Wace LLP bought a new stake in Identiv during the 4th quarter worth approximately $51,000. Finally, Jane Street Group LLC bought a new stake in Identiv during the 4th quarter worth approximately $54,000. 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.