StockNews.com Lowers Identiv (NASDAQ:INVE) to Sell

StockNews.com downgraded shares of Identiv (NASDAQ:INVE) from a hold rating to a sell rating in a research note released on Monday morning.

Separately, B. Riley dropped their target price on shares of Identiv from $10.00 to $9.50 and set a buy rating for the company in a research report on Wednesday, March 13th.

Identiv Trading Down 0.2 %

Identiv stock opened at $5.01 on Monday. Identiv has a 1-year low of $4.72 and a 1-year high of $9.26. The firm has a market cap of $116.89 million, a P/E ratio of -17.89 and a beta of 1.39. The firm has a 50-day moving average of $6.53 and a 200-day moving average of $7.10.

Identiv (NASDAQ:INVE) last released its quarterly earnings data on Wednesday, May 8th. The technology company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.06). Identiv had a negative return on equity of 7.39% and a negative net margin of 4.72%. During the same period in the previous year, the firm posted ($0.13) earnings per share. Research analysts forecast that Identiv will post -0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC raised its holdings in Identiv by 148.5% in the third quarter. Barclays PLC now owns 11,583 shares of the technology company’s stock worth $97,000 after purchasing an additional 6,921 shares in the last quarter. Potomac Capital Management Inc. lifted its position in Identiv by 100.0% during the 3rd quarter. Potomac Capital Management Inc. now owns 20,000 shares of the technology company’s stock valued at $169,000 after acquiring an additional 10,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Identiv by 34.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,343 shares of the technology company’s stock worth $349,000 after acquiring an additional 10,636 shares in the last quarter. Trexquant Investment LP grew its holdings in Identiv by 74.6% in the third quarter. Trexquant Investment LP now owns 47,022 shares of the technology company’s stock worth $397,000 after purchasing an additional 20,098 shares during the period. Finally, Citigroup Inc. purchased a new stake in Identiv in the third quarter worth about $459,000. Hedge funds and other 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.