Millennium Management LLC Has $861,000 Stock Position in Identiv, Inc. (NASDAQ:INVE)

Millennium Management LLC boosted its stake in shares of Identiv, Inc. (NASDAQ:INVE - Free Report) by 56.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,254 shares of the technology company's stock after purchasing an additional 85,020 shares during the quarter. Millennium Management LLC owned about 0.98% of Identiv worth $861,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of INVE. Raymond James Financial Inc. acquired a new stake in shares of Identiv during the 4th quarter worth about $37,000. Marshall Wace LLP bought a new position in Identiv in the 4th quarter valued at about $51,000. Jane Street Group LLC bought a new position in Identiv in the 4th quarter valued at about $54,000. Renaissance Technologies LLC lifted its position in Identiv by 94.0% during the fourth quarter. Renaissance Technologies LLC now owns 176,710 shares of the technology company's stock worth $647,000 after acquiring an additional 85,628 shares during the last quarter. Finally, Boothbay Fund Management LLC lifted its position in Identiv by 183.1% during the fourth quarter. Boothbay Fund Management LLC now owns 250,883 shares of the technology company's stock worth $918,000 after acquiring an additional 162,248 shares during the last quarter. 65.16% of the stock is currently owned by institutional investors and hedge funds.

Identiv Trading Down 0.9%

Shares of NASDAQ:INVE traded down $0.03 on Tuesday, reaching $3.25. 20,287 shares of the company's stock were exchanged, compared to its average volume of 63,381. The company has a market capitalization of $76.76 million, a price-to-earnings ratio of 1.06 and a beta of 1.40. Identiv, Inc. has a twelve month low of $2.86 and a twelve month high of $4.44. The company has a fifty day moving average of $3.22 and a 200-day moving average of $3.48.

Identiv (NASDAQ:INVE - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.03. Identiv had a negative return on equity of 20.60% and a net margin of 113.62%. The firm had revenue of $5.27 million during the quarter, compared to analysts' expectations of $4.95 million. As a group, equities research analysts forecast that Identiv, Inc. will post -1.11 EPS for the current fiscal year.

Analyst Ratings Changes

INVE has been the topic of several research reports. Wall Street Zen downgraded Identiv from a "hold" rating to a "sell" rating in a research report on Thursday, March 20th. Lake Street Capital reduced their price target on Identiv from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Thursday, May 8th.

Insider Buying and Selling at Identiv

In related news, CEO Kirsten F. Newquist purchased 19,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $3.32 per share, for a total transaction of $63,080.00. Following the completion of the acquisition, the chief executive officer now owns 258,931 shares of the company's stock, valued at approximately $859,650.92. This represents a 7.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.60% of the company's stock.

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.