Zacks Investment Research cut shares of Identiv (NASDAQ:INVE) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

According to Zacks, “Identiv Inc. is a global security technology company. It provides trust solutions in the connected world, including premises, information and everyday items. The Company’s trust solutions are implemented using standards-driven products and technology, such as hardware, software, digital certificates, and mobility and cloud services. Its products are used in corporate employee identification cards, company email, information technology networks and facility access control, in national ID cards and passports, transport passes, banking and other uses. Identiv Group, Inc., formerly known as Identive Group, Inc., is headquartered in Fremont, California. “

Separately, ValuEngine downgraded shares of Identiv from a hold rating to a sell rating in a research note on Thursday, October 26th.

Shares of Identiv (NASDAQ INVE) traded up $0.08 during trading hours on Wednesday, reaching $3.72. 20,352 shares of the company traded hands, compared to its average volume of 44,517. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.20. The stock has a market capitalization of $52.99, a price-to-earnings ratio of -9.79 and a beta of -0.43. Identiv has a one year low of $2.55 and a one year high of $7.81.

Identiv (NASDAQ:INVE) last posted its quarterly earnings results on Thursday, November 9th. The technology company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.03. Identiv had a negative net margin of 8.04% and a negative return on equity of 38.59%. equities analysts predict that Identiv will post -0.36 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Identiv by 1.0% in the second quarter. Vanguard Group Inc. now owns 259,868 shares of the technology company’s stock worth $1,364,000 after purchasing an additional 2,476 shares during the last quarter. Northern Trust Corp lifted its stake in Identiv by 43.5% in the second quarter. Northern Trust Corp now owns 23,429 shares of the technology company’s stock worth $123,000 after purchasing an additional 7,104 shares during the last quarter. Sterling Capital Management LLC bought a new stake in Identiv in the second quarter worth $111,000. Manatuck Hill Partners LLC lifted its stake in Identiv by 170.0% in the second quarter. Manatuck Hill Partners LLC now owns 135,000 shares of the technology company’s stock worth $709,000 after purchasing an additional 85,000 shares during the last quarter. Finally, Essex Investment Management Co. LLC lifted its stake in Identiv by 64.3% in the third quarter. Essex Investment Management Co. LLC now owns 263,974 shares of the technology company’s stock worth $1,225,000 after purchasing an additional 103,294 shares during the last quarter. 33.31% of the stock is owned by institutional investors and hedge funds.

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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.

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