Perritt Capital Management Inc Has $367,000 Holdings in Identiv, Inc. (NASDAQ:INVE)

Perritt Capital Management Inc grew its stake in Identiv, Inc. (NASDAQ:INVE) by 54.2% in the second quarter, HoldingsChannel reports. The fund owned 85,300 shares of the technology company’s stock after acquiring an additional 30,000 shares during the period. Perritt Capital Management Inc’s holdings in Identiv were worth $367,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Identiv by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,190,743 shares of the technology company’s stock worth $9,431,000 after purchasing an additional 3,407 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Identiv by 156.3% during the second quarter. Assenagon Asset Management S.A. now owns 231,167 shares of the technology company’s stock worth $994,000 after acquiring an additional 140,981 shares during the last quarter. Roumell Asset Management LLC lifted its stake in shares of Identiv by 28.7% during the fourth 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 during the period. Acadian Asset Management LLC bought a new position in Identiv in the second quarter valued at about $164,000. Finally, Essex Investment Management Co. LLC boosted its holdings in Identiv by 1.5% in the first 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 during the last quarter. 65.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on INVE. B. Riley cut their target price 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 cut their price objective 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 lowered shares of Identiv from a “hold” rating to a “sell” rating in a report on Friday, August 9th.

Identiv Price Performance

NASDAQ:INVE opened at $3.45 on Thursday. Identiv, Inc. has a 1-year low of $2.95 and a 1-year high of $9.24. The business’s 50-day moving average price is $3.69 and its two-hundred day moving average price is $4.94.

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

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.