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

Identiv (NASDAQ:INVE) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

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

Identiv Price Performance

NASDAQ INVE traded up $0.11 during trading hours on Monday, reaching $5.11. 193,736 shares of the stock traded hands, compared to its average volume of 88,280. The stock has a 50 day simple moving average of $6.68 and a two-hundred day simple moving average of $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 released its quarterly earnings results 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 firm had revenue of $28.99 million for the quarter, compared to analysts’ expectations of $30.00 million. On average, sell-side analysts forecast that Identiv will post -0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of INVE. Barclays PLC grew its stake in shares of Identiv by 148.5% during the third quarter. Barclays PLC now owns 11,583 shares of the technology company’s stock valued at $97,000 after buying an additional 6,921 shares during the last quarter. Potomac Capital Management Inc. grew its stake in shares of Identiv by 100.0% during the third quarter. Potomac Capital Management Inc. now owns 20,000 shares of the technology company’s stock valued at $169,000 after buying an additional 10,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Identiv by 34.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,343 shares of the technology company’s stock valued at $349,000 after buying an additional 10,636 shares during the last quarter. Trexquant Investment LP grew its stake in shares of Identiv by 74.6% during the third quarter. Trexquant Investment LP now owns 47,022 shares of the technology company’s stock valued at $397,000 after buying an additional 20,098 shares during the last quarter. Finally, Citigroup Inc. bought a new position in shares of Identiv during the third quarter valued at about $459,000. 65.16% of the stock is owned by institutional investors.

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.