Identiv (NASDAQ:INVE) Downgraded to Sell Rating by StockNews.com

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

Separately, Lake Street Capital lowered their price objective on Identiv from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th.

Identiv Price Performance

INVE stock traded down $0.07 on Thursday, reaching $3.29. 28,055 shares of the company were exchanged, compared to its average volume of 84,669. The firm has a market capitalization of $78.58 million, a PE ratio of 1.08 and a beta of 1.38. Identiv has a 12 month low of $2.95 and a 12 month high of $8.52. The stock’s fifty day moving average price is $3.53 and its 200 day moving average price is $3.62.

Identiv (NASDAQ:INVE) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported ($0.11) EPS for the quarter, beating 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 analyst estimates of $6.12 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. As a group, research analysts expect that Identiv will post -1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Kirsten F. Newquist acquired 19,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $3.32 per share, with a total value of $63,080.00. Following the completion of the acquisition, the chief executive officer now owns 258,931 shares in the company, valued at $859,650.92. The trade was a 7.92 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Identiv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INVE. 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 position in shares of Identiv in the fourth quarter valued at about $49,000. Marshall Wace LLP bought a new stake in Identiv during the 4th quarter worth about $51,000. Jane Street Group LLC acquired a new stake in Identiv in the 4th quarter valued at about $54,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Identiv in the third quarter worth about $228,000. 65.16% of the stock is currently owned by institutional investors and hedge funds.

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.