Identiv (NASDAQ:INVE) Cut to Sell at StockNews.com

Identiv (NASDAQ:INVE) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

Separately, B. Riley lowered their price objective 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 Up 2.2 %

Shares of INVE stock traded up $0.11 during mid-day trading on Monday, reaching $5.11. 193,736 shares of the stock traded hands, compared to its average volume of 88,280. The stock’s fifty day simple moving average is $6.68 and its two-hundred day simple moving average is $7.12. Identiv has a 1-year low of $4.72 and a 1-year high of $9.26. The company has a market cap of $119.22 million, a price-to-earnings ratio of -18.25 and a beta of 1.39.

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

Hedge Funds Weigh In On Identiv

Hedge funds have recently made changes to their positions in the stock. Barclays PLC raised its position in shares of Identiv by 148.5% during the third quarter. Barclays PLC now owns 11,583 shares of the technology company’s stock worth $97,000 after acquiring an additional 6,921 shares during the last quarter. Potomac Capital Management Inc. increased its holdings in Identiv by 100.0% in the third quarter. Potomac Capital Management Inc. now owns 20,000 shares of the technology company’s stock worth $169,000 after purchasing an additional 10,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Identiv by 34.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,343 shares of the technology company’s stock worth $349,000 after purchasing an additional 10,636 shares in the last quarter. Trexquant Investment LP increased its holdings in Identiv by 74.6% in the third quarter. Trexquant Investment LP now owns 47,022 shares of the technology company’s stock worth $397,000 after purchasing an additional 20,098 shares in the last quarter. Finally, Citigroup Inc. bought a new stake in Identiv in the third quarter worth approximately $459,000. 65.16% of the stock is currently owned by institutional investors.

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.