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

Identiv (NASDAQ:INVE) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

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

Identiv Stock Performance

NASDAQ INVE opened at $5.02 on Monday. The firm has a market capitalization of $117.12 million, a PE ratio of -17.93 and a beta of 1.39. Identiv has a one year low of $4.72 and a one year high of $9.26. The company has a 50-day simple moving average of $6.61 and a 200-day simple moving average of $7.11.

Identiv (NASDAQ:INVE) last announced its quarterly earnings results on Tuesday, March 12th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $28.99 million for the quarter, compared to analyst estimates of $30.00 million. Identiv had a negative return on equity of 7.39% and a negative net margin of 4.72%. Equities analysts forecast that Identiv will post -0.37 earnings per share for the current year.

Institutional Trading of Identiv

Several large investors have recently added to or reduced their stakes in INVE. Essex Investment Management Co. LLC lifted its stake in Identiv by 1.5% in the first quarter. Essex Investment Management Co. LLC now owns 395,438 shares of the technology company’s stock valued at $3,132,000 after acquiring an additional 6,016 shares during the last quarter. Roumell Asset Management LLC grew its position in 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 buying an additional 95,000 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Identiv by 10.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 108,707 shares of the technology company’s stock worth $896,000 after buying an additional 10,543 shares in the last quarter. Citigroup Inc. acquired a new stake in Identiv during the third quarter valued at approximately $459,000. Finally, Potomac Capital Management Inc. boosted its holdings in shares of Identiv by 100.0% in the 3rd quarter. Potomac Capital Management Inc. now owns 20,000 shares of the technology company’s stock worth $169,000 after acquiring an additional 10,000 shares in the last quarter. 65.16% of the stock is owned by institutional investors and hedge funds.

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.