Identiv, Inc. (NASDAQ:INVE) CEO Kirsten F. Newquist Purchases 19,000 Shares

Identiv, Inc. (NASDAQ:INVE - Get Free Report) CEO Kirsten F. Newquist bought 19,000 shares of the firm's 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 available through this hyperlink.

Identiv Stock Up 4.0 %

Shares of INVE traded up $0.13 on Friday, hitting $3.42. The company's stock had a trading volume of 116,979 shares, compared to its average volume of 84,797. The firm's fifty day moving average price is $3.53 and its 200-day moving average price is $3.62. Identiv, Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $8.52. The firm has a market capitalization of $81.69 million, a price-to-earnings ratio of 1.12 and a beta of 1.38.

Identiv (NASDAQ:INVE - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.14. Identiv had a negative return on equity of 20.60% and a net margin of 113.62%. The firm had revenue of $6.70 million for the quarter, compared to the consensus estimate of $6.12 million. During the same quarter last year, the business posted $0.02 EPS. As a group, equities analysts predict that Identiv, Inc. will post -1.11 earnings per share for the current fiscal year.

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Wall Street Analyst Weigh In

INVE has been the subject of a number of analyst reports. StockNews.com cut shares of Identiv from a "hold" rating to a "sell" rating in a report on Thursday. Lake Street Capital reduced their price target 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.

Institutional Inflows and Outflows

Several large investors 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 about $37,000. Occudo Quantitative Strategies LP bought a new stake in Identiv during the fourth quarter worth about $49,000. Marshall Wace LLP acquired a new position in Identiv during the fourth quarter valued at approximately $51,000. Jane Street Group LLC bought a new position in Identiv in the fourth quarter valued at approximately $54,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Identiv in the third quarter valued at approximately $228,000. Institutional investors and hedge funds 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.