Identiv Inc (NASDAQ:INVE) Director Gary Kremen bought 4,166 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was purchased at an average cost of $4.82 per share, for a total transaction of $20,080.12. Following the transaction, the director now owns 217,864 shares in the company, valued at approximately $1,050,104.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NASDAQ INVE remained flat at $$4.90 during midday trading on Wednesday. The stock had a trading volume of 30,730 shares, compared to its average volume of 22,818. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.31 and a quick ratio of 0.89. Identiv Inc has a one year low of $3.34 and a one year high of $6.87. The company has a market cap of $80.10 million, a P/E ratio of -16.33 and a beta of 1.80.
Identiv (NASDAQ:INVE) last released its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. The business had revenue of $19.52 million during the quarter, compared to the consensus estimate of $19.41 million. Identiv had a negative return on equity of 5.46% and a negative net margin of 3.96%.
Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Identiv by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 31,769 shares of the technology company’s stock worth $114,000 after buying an additional 2,100 shares in the last quarter. Hollencrest Capital Management grew its position in Identiv by 7.7% during the 1st quarter. Hollencrest Capital Management now owns 42,105 shares of the technology company’s stock worth $212,000 after acquiring an additional 3,000 shares during the last quarter. Deutsche Bank AG grew its position in shares of Identiv by 30.8% in the 4th quarter. Deutsche Bank AG now owns 47,380 shares of the technology company’s stock valued at $170,000 after buying an additional 11,165 shares during the last quarter. Granite Investment Partners LLC bought a new stake in shares of Identiv in the 1st quarter valued at about $740,000. Finally, Wellington Management Group LLP grew its position in shares of Identiv by 6.3% in the 1st quarter. Wellington Management Group LLP now owns 455,421 shares of the technology company’s stock valued at $2,295,000 after buying an additional 27,147 shares during the last quarter. 32.02% of the stock is owned by institutional investors.
A number of equities research analysts recently issued reports on INVE shares. Oppenheimer started coverage on Identiv in a research report on Tuesday, April 30th. They issued an “outperform” rating and a $7.00 target price on the stock. Zacks Investment Research upgraded Identiv from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research note on Wednesday, February 27th. ValuEngine upgraded Identiv from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Maxim Group restated a “buy” rating on shares of Identiv in a research note on Friday, May 10th. Finally, Northland Securities restated a “buy” rating on shares of Identiv in a research note on Friday, March 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $8.25.
Identiv Company Profile
Identiv, Inc operates as a security technology company that secures and manages access to physical places, things, and information primarily in the Americas, Europe, the Middle-East, and the Asia-Pacific. Its Premises segment offers modular Hirsch MX controllers that allow customers to start with a small system and expand over time; Hirsch Velocity software platform for centralized management of access and security operations across an organization; federal identity, credential and acess management architecture, an access control system; TouchSecure door readers that provide various features to support security standards; and global services to support system design, deployment, and managed services across customers premises security lifecycle.
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