Goldman Sachs Group Inc. Purchases 17,811 Shares of Identiv, Inc. $INVE

Goldman Sachs Group Inc. increased its position in shares of Identiv, Inc. (NASDAQ:INVE) by 56.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,295 shares of the technology company’s stock after acquiring an additional 17,811 shares during the quarter. Goldman Sachs Group Inc. owned about 0.21% of Identiv worth $157,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of INVE. Jane Street Group LLC acquired a new stake in Identiv during the 4th quarter worth approximately $54,000. Millennium Management LLC raised its holdings in Identiv by 56.6% during the 4th quarter. Millennium Management LLC now owns 235,254 shares of the technology company’s stock worth $861,000 after buying an additional 85,020 shares during the period. Finally, Peapod Lane Capital LLC acquired a new stake in Identiv during the 1st quarter worth approximately $982,000. 65.16% of the stock is currently owned by institutional investors and hedge funds.

Identiv Stock Down 3.3%

NASDAQ INVE opened at $3.52 on Tuesday. Identiv, Inc. has a 12-month low of $2.86 and a 12-month high of $4.29. The company has a market capitalization of $83.50 million, a PE ratio of 1.16 and a beta of 1.35. The firm’s 50 day moving average is $3.65 and its 200-day moving average is $3.38.

Identiv (NASDAQ:INVE) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.05. Identiv had a net margin of 308.59% and a negative return on equity of 13.75%. The company had revenue of $5.04 million for the quarter, compared to the consensus estimate of $5.10 million. Identiv has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Identiv, Inc. will post -1.11 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Craig Hallum restated a “buy” rating and set a $5.00 target price on shares of Identiv in a report on Friday, August 8th. Wall Street Zen upgraded shares of Identiv from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Finally, B. Riley dropped their target price on shares of Identiv from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $5.33.

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.