Peapod Lane Capital LLC Makes New Investment in Identiv, Inc. (NASDAQ:INVE)

Peapod Lane Capital LLC bought a new stake in Identiv, Inc. (NASDAQ:INVE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 307,790 shares of the technology company's stock, valued at approximately $982,000. Peapod Lane Capital LLC owned approximately 1.31% of Identiv as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in INVE. Boothbay Fund Management LLC lifted its stake in shares of Identiv by 183.1% during the 4th quarter. Boothbay Fund Management LLC now owns 250,883 shares of the technology company's stock worth $918,000 after purchasing an additional 162,248 shares during the period. Royce & Associates LP increased its holdings in shares of Identiv by 8.6% during the 4th quarter. Royce & Associates LP now owns 1,491,570 shares of the technology company's stock worth $5,459,000 after buying an additional 117,827 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Identiv by 94.0% during the 4th quarter. Renaissance Technologies LLC now owns 176,710 shares of the technology company's stock worth $647,000 after buying an additional 85,628 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Identiv by 56.6% during the 4th quarter. Millennium Management LLC now owns 235,254 shares of the technology company's stock worth $861,000 after buying an additional 85,020 shares during the last quarter. Finally, Portolan Capital Management LLC increased its holdings in shares of Identiv by 3.8% during the 4th quarter. Portolan Capital Management LLC now owns 1,046,924 shares of the technology company's stock worth $3,832,000 after buying an additional 38,704 shares during the last quarter. Hedge funds and other institutional investors own 65.16% of the company's stock.

Identiv Stock Performance

Shares of Identiv stock remained flat at $3.50 during trading hours on Thursday. The stock had a trading volume of 140,347 shares, compared to its average volume of 67,846. The stock has a fifty day moving average of $3.24 and a 200 day moving average of $3.37. The stock has a market cap of $82.67 million, a P/E ratio of 1.16 and a beta of 1.37. Identiv, Inc. has a 12 month low of $2.86 and a 12 month high of $4.35.

Identiv (NASDAQ:INVE - Get Free Report) last announced its earnings results on Wednesday, May 7th. The technology company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.03. The company had revenue of $5.27 million during the quarter, compared to the consensus estimate of $4.95 million. Identiv had a negative return on equity of 16.54% and a net margin of 287.10%. As a group, sell-side analysts anticipate that Identiv, Inc. will post -1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Identiv 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.