Identiv (NASDAQ:INVE) Upgraded at StockNews.com

StockNews.com upgraded shares of Identiv (NASDAQ:INVE) from a sell rating to a hold rating in a research report released on Wednesday morning.

Separately, B. Riley lowered their price target on shares of Identiv from $10.00 to $9.50 and set a buy rating on the stock in a report on Wednesday, March 13th.

Identiv Price Performance

Shares of INVE opened at $5.15 on Wednesday. The firm has a market capitalization of $120.15 million, a PE ratio of -18.39 and a beta of 1.29. Identiv has a 1-year low of $4.72 and a 1-year high of $9.26. The company’s fifty day moving average price is $7.79 and its 200-day moving average price is $7.49.

Identiv (NASDAQ:INVE) last announced its quarterly earnings data 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). Identiv had a negative net margin of 4.72% and a negative return on equity of 7.39%. The company had revenue of $28.99 million for the quarter, compared to analysts’ expectations of $30.00 million. As a group, research analysts anticipate that Identiv will post -0.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Identiv

Several hedge funds have recently added to or reduced their stakes in INVE. UBS Group AG raised its position in shares of Identiv by 132.7% in the fourth quarter. UBS Group AG now owns 3,490 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,990 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Identiv by 219.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,474 shares of the technology company’s stock worth $38,000 after acquiring an additional 3,075 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Identiv by 158.0% in the second quarter. BNP Paribas Arbitrage SA now owns 4,879 shares of the technology company’s stock worth $56,000 after acquiring an additional 2,988 shares during the period. Algert Global LLC acquired a new position in shares of Identiv in the fourth quarter worth about $75,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Identiv in the first quarter worth about $75,000. 65.16% of the stock is owned by hedge funds and other 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.