Peapod Lane Capital LLC Invests $982,000 in Identiv, Inc. (NASDAQ:INVE)

Peapod Lane Capital LLC acquired a new position in Identiv, Inc. (NASDAQ:INVE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 SEC filing.

Other large investors have also added to or reduced their stakes in the company. Royce & Associates LP raised its position in Identiv by 8.6% during the fourth quarter. Royce & Associates LP now owns 1,491,570 shares of the technology company's stock worth $5,459,000 after acquiring an additional 117,827 shares in the last quarter. Portolan Capital Management LLC lifted its stake in Identiv by 3.8% in the 4th quarter. Portolan Capital Management LLC now owns 1,046,924 shares of the technology company's stock valued at $3,832,000 after purchasing an additional 38,704 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Identiv by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 282,303 shares of the technology company's stock worth $1,033,000 after purchasing an additional 5,844 shares during the period. Boothbay Fund Management LLC grew its holdings 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 purchasing an additional 162,248 shares during the period. Finally, Millennium Management LLC increased its position in Identiv by 56.6% during the fourth 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. Institutional investors and hedge funds own 65.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on INVE shares. Lake Street Capital cut their price objective on shares of Identiv from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wall Street Zen cut Identiv from a "hold" rating to a "sell" rating in a research report on Thursday, March 20th.

Identiv Stock Down 0.9%

Shares of INVE traded down $0.03 during trading hours on Friday, hitting $3.47. 49,587 shares of the company were exchanged, compared to its average volume of 67,774. Identiv, Inc. has a fifty-two week low of $2.86 and a fifty-two week high of $4.35. The company has a market cap of $81.96 million, a price-to-earnings ratio of 1.15 and a beta of 1.37. The firm's fifty day moving average is $3.24 and its 200 day moving average is $3.36.

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

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.