Identiv (NASDAQ:INVE) Lowered to “Sell” Rating by StockNews.com

Identiv (NASDAQ:INVE) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Separately, Lake Street Capital cut their price objective on shares of Identiv from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, March 6th.

Identiv Price Performance

INVE stock opened at $3.42 on Thursday. Identiv has a one year low of $2.95 and a one year 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 has a 50 day simple moving average of $3.52 and a two-hundred day simple moving average of $3.62.

Identiv (NASDAQ:INVE) last released its quarterly earnings results on Wednesday, March 5th. The technology company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.12 million. During the same quarter in the previous year, the company earned $0.02 EPS. On average, research analysts expect that Identiv will post -1.11 EPS for the current fiscal year.

Insider Activity

In other news, CEO Kirsten F. Newquist purchased 19,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $3.32 per share, with a total value of $63,080.00. Following the transaction, the chief executive officer now directly owns 258,931 shares of the company’s stock, valued at approximately $859,650.92. This represents a 7.92 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Identiv

Several institutional investors have recently added to or reduced their stakes in INVE. Raymond James Financial Inc. purchased a new stake in Identiv during the 4th quarter valued at $37,000. Occudo Quantitative Strategies LP purchased a new stake in Identiv during the 4th quarter valued at $49,000. Marshall Wace LLP purchased a new stake in Identiv during the 4th quarter valued at $51,000. Jane Street Group LLC purchased a new stake in Identiv during the 4th quarter valued at $54,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Identiv in the 3rd quarter worth $228,000. 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.