Identiv, Inc. (NASDAQ:INVE) Shares Acquired by Royce & Associates LP

Royce & Associates LP grew its stake in shares of Identiv, Inc. (NASDAQ:INVE - Free Report) by 8.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,491,570 shares of the technology company's stock after acquiring an additional 117,827 shares during the period. Royce & Associates LP owned about 6.24% of Identiv worth $5,459,000 at the end of the most recent quarter.

Separately, Jacobs Levy Equity Management Inc. bought a new stake in shares of Identiv during the third quarter valued at approximately $228,000. Institutional investors own 65.16% of the company's stock.

Insiders Place Their Bets

In other news, CEO Kirsten F. Newquist purchased 19,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were acquired 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 of the company's stock, valued at $859,650.92. This trade represents a 7.92 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.60% of the company's stock.

Identiv Stock Up 4.0 %

INVE stock traded up $0.13 during trading on Friday, hitting $3.42. 116,979 shares of the company's stock traded hands, compared to its average volume of 85,014. The firm has a market capitalization of $80.44 million, a P/E ratio of 1.12 and a beta of 1.38. The business has a fifty day simple moving average of $3.52 and a two-hundred day simple moving average of $3.62. Identiv, Inc. has a 1 year low of $2.95 and a 1 year high of $8.52.

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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, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $6.12 million. During the same period in the previous year, the company earned $0.02 earnings per share. On average, equities research analysts predict that Identiv, Inc. will post -1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INVE has been the topic of several research reports. Lake Street Capital cut their price objective on shares of Identiv from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. StockNews.com lowered shares of Identiv from a "hold" rating to a "sell" rating in a report on Thursday.

Identiv Company Profile

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.