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

Identiv (NASDAQ:INVE - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a report issued on Thursday.

Separately, Lake Street Capital lowered their target price on Identiv from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Thursday, March 6th.

Identiv Stock Performance

NASDAQ:INVE traded down $0.06 during trading hours on Thursday, hitting $3.36. The stock had a trading volume of 133,161 shares, compared to its average volume of 85,207. The business's 50 day moving average is $3.52 and its 200-day moving average is $3.63. The company has a market cap of $79.03 million, a price-to-earnings ratio of 1.10 and a beta of 1.38. Identiv has a one year low of $2.95 and a one year high of $8.52.

Identiv (NASDAQ:INVE - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The technology company reported ($0.11) EPS for the quarter, topping 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 business 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. On average, sell-side analysts anticipate that Identiv will post -1.11 EPS for the current fiscal year.

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Insider Transactions at Identiv

In other news, CEO Kirsten F. Newquist bought 19,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $3.32 per share, for a total transaction of $63,080.00. Following the purchase, the chief executive officer now owns 258,931 shares of the company's stock, valued at approximately $859,650.92. The trade was a 7.92 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.60% of the stock is owned by insiders.

Institutional Trading of Identiv

A number of institutional investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. acquired a new stake in Identiv in the 3rd quarter valued at $228,000. Royce & Associates LP grew its holdings in shares of Identiv by 8.6% in the 4th quarter. Royce & Associates LP now owns 1,491,570 shares of the technology company's stock valued at $5,459,000 after acquiring an additional 117,827 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Identiv in the fourth quarter valued at about $54,000. Millennium Management LLC raised its holdings in Identiv by 56.6% during the fourth quarter. Millennium Management LLC now owns 235,254 shares of the technology company's stock worth $861,000 after acquiring an additional 85,020 shares in the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in Identiv during the fourth quarter valued at approximately $49,000. 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.