Identiv, Inc. (NASDAQ:INVE) Stake Cut by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its holdings in Identiv, Inc. (NASDAQ:INVE) by 17.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,200 shares of the technology company’s stock after selling 5,600 shares during the quarter. Two Sigma Advisers LP owned approximately 0.11% of Identiv worth $100,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Boothbay Fund Management LLC boosted its holdings in shares of Identiv by 183.1% in the 4th quarter. Boothbay Fund Management LLC now owns 250,883 shares of the technology company’s stock valued at $918,000 after buying an additional 162,248 shares during the period. Royce & Associates LP lifted its holdings in Identiv by 8.6% in the fourth quarter. Royce & Associates LP now owns 1,491,570 shares of the technology company’s stock worth $5,459,000 after acquiring an additional 117,827 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Identiv by 94.0% in the fourth quarter. Renaissance Technologies LLC now owns 176,710 shares of the technology company’s stock worth $647,000 after acquiring an additional 85,628 shares during the last quarter. Millennium Management LLC boosted its stake in Identiv by 56.6% in the fourth quarter. Millennium Management LLC now owns 235,254 shares of the technology company’s stock valued at $861,000 after acquiring an additional 85,020 shares during the period. Finally, Portolan Capital Management LLC grew its holdings in shares of Identiv by 3.8% during the fourth quarter. Portolan Capital Management LLC now owns 1,046,924 shares of the technology company’s stock valued at $3,832,000 after purchasing an additional 38,704 shares during the last quarter. Institutional investors own 65.16% of the company’s stock.

Identiv Stock Down 0.9%

Shares of NASDAQ INVE opened at $3.21 on Monday. The stock has a market cap of $75.81 million, a P/E ratio of 1.05 and a beta of 1.40. The firm’s 50-day simple moving average is $3.21 and its 200 day simple moving average is $3.48. Identiv, Inc. has a fifty-two week low of $2.86 and a fifty-two week high of $4.44.

Identiv (NASDAQ:INVE) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.03. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. The company had revenue of $5.27 million for the quarter, compared to the consensus estimate of $4.95 million. On average, sell-side analysts anticipate that Identiv, Inc. will post -1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on INVE. Lake Street Capital reduced their price objective on Identiv from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Wall Street Zen lowered shares of Identiv from a “hold” rating to a “sell” rating in a research report on Thursday, March 20th.

Insider Activity

In other Identiv news, CEO Kirsten F. Newquist purchased 19,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $3.32 per share, for a total transaction of $63,080.00. Following the completion of the transaction, the chief executive officer now owns 258,931 shares in the company, valued at $859,650.92. This represents a 7.92% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.60% 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.