ValuEngine lowered shares of Identiv, Inc. (NASDAQ:INVE) from a hold rating to a sell rating in a research note published on Thursday.

Other equities analysts have also recently issued research reports about the company. Northland Securities set a $10.00 price target on Identiv and gave the company a buy rating in a report on Monday, August 7th. Zacks Investment Research cut Identiv from a buy rating to a hold rating in a report on Tuesday, August 15th.

Identiv (NASDAQ INVE) traded down 2.89% during midday trading on Thursday, reaching $3.02. The company’s stock had a trading volume of 166,609 shares. Identiv has a 52 week low of $1.97 and a 52 week high of $7.81. The stock has a 50 day moving average of $4.46 and a 200 day moving average of $5.17. The firm’s market capitalization is $42.49 million.

Identiv (NASDAQ:INVE) last posted its quarterly earnings results on Thursday, August 10th. The technology company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $14.84 million during the quarter, compared to analysts’ expectations of $14.71 million. Identiv had a negative return on equity of 50.00% and a negative net margin of 7.53%. During the same quarter in the prior year, the firm posted ($0.27) EPS. On average, equities research analysts predict that Identiv will post ($0.39) earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Identiv, Inc. (INVE) Downgraded to Sell at ValuEngine” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/27/identiv-inc-inve-downgraded-to-sell-at-valuengine.html.

In other news, Director Gary Kremen purchased 10,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was purchased at an average price of $4.37 per share, with a total value of $43,700.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 12.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. UBS Group AG raised its holdings in shares of Identiv by 11.3% in the 1st quarter. UBS Group AG now owns 15,579 shares of the technology company’s stock worth $110,000 after buying an additional 1,579 shares in the last quarter. Emancipation Management LLC acquired a new position in shares of Identiv in the 2nd quarter worth approximately $111,000. Sterling Capital Management LLC acquired a new position in shares of Identiv in the 2nd quarter worth approximately $111,000. Northern Trust Corp raised its holdings in shares of Identiv by 43.5% in the 2nd quarter. Northern Trust Corp now owns 23,429 shares of the technology company’s stock worth $123,000 after buying an additional 7,104 shares in the last quarter. Finally, Hollencrest Securities LLC raised its holdings in shares of Identiv by 11.3% in the 2nd quarter. Hollencrest Securities LLC now owns 29,605 shares of the technology company’s stock worth $155,000 after buying an additional 3,000 shares in the last quarter. 33.32% of the stock is owned by hedge funds and other institutional investors.

About Identiv

Identiv, Inc is a global security technology company. The Company operates through four segments: Physical access control systems (PACS), Identity, Credentials and All Other. PACS segment provides solutions and services that enable the issuance, management and use of secure identity credentials in diverse markets.

Receive News & Stock Ratings for Identiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Identiv Inc. and related stocks with our FREE daily email newsletter.