Identiv, Inc. (NASDAQ:INVE) Insider Kirsten F. Newquist Purchases 17,166 Shares

Identiv, Inc. (NASDAQ:INVE) insider Kirsten F. Newquist purchased 17,166 shares of Identiv stock in a transaction dated Thursday, May 23rd. The stock was bought at an average cost of $4.47 per share, with a total value of $76,732.02. Following the completion of the transaction, the insider now directly owns 17,166 shares of the company’s stock, valued at $76,732.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Identiv Stock Performance

NASDAQ INVE opened at $4.19 on Friday. Identiv, Inc. has a fifty-two week low of $4.01 and a fifty-two week high of $9.26. The stock’s 50-day moving average is $5.55 and its two-hundred day moving average is $6.92.

Identiv (NASDAQ:INVE) last announced its earnings results on Wednesday, May 8th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06). Identiv had a negative return on equity of 9.99% and a negative net margin of 6.49%. The firm had revenue of $22.49 million for the quarter, compared to analyst estimates of $23.00 million. During the same quarter last year, the business earned ($0.13) EPS. On average, equities research analysts expect that Identiv, Inc. will post -0.82 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on INVE. Craig Hallum dropped their target price on Identiv from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. StockNews.com downgraded Identiv from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Finally, B. Riley reduced their target price on shares of Identiv from $10.00 to $9.50 and set a “buy” rating for the company in a research note on Wednesday, March 13th.

Hedge Funds Weigh In On Identiv

Institutional investors and hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. bought a new stake in Identiv during the 3rd quarter worth about $829,000. Roumell Asset Management LLC raised its position in shares of Identiv by 28.7% during the fourth quarter. Roumell Asset Management LLC now owns 426,278 shares of the technology company’s stock worth $3,513,000 after purchasing an additional 95,000 shares during the period. Citigroup Inc. acquired a new stake in Identiv during the 3rd quarter worth approximately $459,000. Trexquant Investment LP raised its holdings in shares of Identiv by 74.6% during the third quarter. Trexquant Investment LP now owns 47,022 shares of the technology company’s stock worth $397,000 after acquiring an additional 20,098 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Identiv by 34.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,343 shares of the technology company’s stock valued at $349,000 after buying an additional 10,636 shares during the last quarter. Institutional investors and hedge funds own 65.16% of the company’s stock.

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.