Identiv (NASDAQ:INVE - Free Report) had its price target trimmed by Lake Street Capital from $7.00 to $6.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the technology company's stock.
Separately, StockNews.com upgraded Identiv from a "sell" rating to a "hold" rating in a research report on Monday, November 11th.
Check Out Our Latest Research Report on Identiv
Identiv Trading Down 4.7 %
Shares of NASDAQ INVE traded down $0.16 during midday trading on Thursday, reaching $3.26. The company's stock had a trading volume of 111,262 shares, compared to its average volume of 86,856. Identiv has a one year low of $2.95 and a one year high of $8.89. The company has a market cap of $77.87 million, a price-to-earnings ratio of 1.07 and a beta of 1.38. The company has a 50 day moving average price of $3.59 and a 200 day moving average price of $3.63.
Identiv (NASDAQ:INVE - Get Free Report) 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. The company had revenue of $6.70 million during the quarter, compared to the consensus estimate of $6.12 million. Identiv had a negative return on equity of 20.60% and a net margin of 113.62%. During the same quarter in the prior year, the firm earned $0.02 EPS. Research analysts anticipate that Identiv will post -1.11 earnings per share for the current fiscal year.
Institutional Trading of Identiv
Several large investors have recently added to or reduced their stakes in INVE. Royce & Associates LP boosted its position in shares of Identiv by 11.1% in the third quarter. Royce & Associates LP now owns 1,373,743 shares of the technology company's stock worth $4,849,000 after buying an additional 137,034 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Identiv in the 3rd quarter worth about $228,000. Raymond James Financial Inc. purchased a new position in Identiv during the 4th quarter valued at about $37,000. Renaissance Technologies LLC grew its stake in Identiv by 94.0% during the 4th quarter. Renaissance Technologies LLC now owns 176,710 shares of the technology company's stock valued at $647,000 after acquiring an additional 85,628 shares in the last quarter. Finally, Portolan Capital Management LLC increased its holdings in shares of Identiv by 3.8% in the 4th quarter. Portolan Capital Management LLC now owns 1,046,924 shares of the technology company's stock valued at $3,832,000 after purchasing an additional 38,704 shares during the period. 65.16% of the stock is owned by institutional investors and hedge funds.
About Identiv
(
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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.
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