Bank of Montreal Can Makes New Investment in Identiv, Inc. (NASDAQ:INVE)

Bank of Montreal Can acquired a new stake in Identiv, Inc. (NASDAQ:INVE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 85,600 shares of the technology company’s stock, valued at approximately $370,000. Bank of Montreal Can owned about 0.37% of Identiv as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in shares of Identiv by 4.9% during the second quarter. Renaissance Technologies LLC now owns 86,382 shares of the technology company’s stock worth $371,000 after purchasing an additional 4,000 shares in the last quarter. Perritt Capital Management Inc increased its position in shares of Identiv by 54.2% in the second quarter. Perritt Capital Management Inc now owns 85,300 shares of the technology company’s stock worth $367,000 after purchasing an additional 30,000 shares during the period. Acadian Asset Management LLC bought a new position in shares of Identiv in the second quarter worth about $164,000. Assenagon Asset Management S.A. grew its holdings in shares of Identiv by 156.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 231,167 shares of the technology company’s stock valued at $994,000 after purchasing an additional 140,981 shares during the last quarter. Finally, Vanguard Group Inc. boosted 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 acquiring an additional 3,407 shares in the last quarter. 65.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Craig Hallum cut their target price on Identiv from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, August 9th. B. Riley dropped their price target on Identiv from $9.50 to $8.50 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, StockNews.com cut Identiv from a “hold” rating to a “sell” rating in a research note on Friday, August 9th.

Identiv Price Performance

Shares of NASDAQ INVE opened at $3.64 on Friday. The company has a 50-day moving average price of $3.45 and a 200-day moving average price of $4.28. The stock has a market capitalization of $85.47 million, a P/E ratio of -10.11 and a beta of 1.35. Identiv, Inc. has a 1 year low of $2.95 and a 1 year high of $9.24.

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

Identiv 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.