Short Interest in Identiv, Inc. (NASDAQ:INVE) Rises By 72.0%

Identiv, Inc. (NASDAQ:INVE - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 273,500 shares, an increase of 72.0% from the March 15th total of 159,000 shares. Based on an average daily trading volume, of 59,900 shares, the short-interest ratio is presently 4.6 days. Approximately 1.4% of the shares of the company are short sold.

Insider Activity at Identiv

In related news, CEO Kirsten F. Newquist acquired 19,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $3.32 per share, for a total transaction of $63,080.00. Following the completion of the purchase, the chief executive officer now directly owns 258,931 shares of the company's stock, valued at $859,650.92. The trade was a 7.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.60% of the company's stock.

Institutional Trading of Identiv

Large investors have recently added to or reduced their stakes in the company. Boothbay Fund Management LLC boosted its position in shares of Identiv by 183.1% in the fourth quarter. Boothbay Fund Management LLC now owns 250,883 shares of the technology company's stock worth $918,000 after buying an additional 162,248 shares during the period. Royce & Associates LP lifted its stake in Identiv by 8.6% in the 4th 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. Renaissance Technologies LLC boosted its position in 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 acquiring an additional 85,628 shares during the period. Millennium Management LLC grew its stake in Identiv by 56.6% during the 4th quarter. Millennium Management LLC now owns 235,254 shares of the technology company's stock valued at $861,000 after acquiring an additional 85,020 shares in the last quarter. Finally, Portolan Capital Management LLC grew its stake in Identiv by 3.8% during 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 acquiring an additional 38,704 shares in the last quarter. 65.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Lake Street Capital decreased their target price on Identiv from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. StockNews.com lowered shares of Identiv from a "hold" rating to a "sell" rating in a research note on Thursday, March 20th.

Identiv Stock Performance

INVE remained flat at $3.20 during trading on Tuesday. The company had a trading volume of 27,149 shares, compared to its average volume of 77,257. The company has a 50-day moving average of $3.31 and a 200-day moving average of $3.57. The firm has a market capitalization of $75.44 million, a P/E ratio of 1.05 and a beta of 1.32. Identiv has a 1 year low of $2.86 and a 1 year high of $5.32.

Identiv (NASDAQ:INVE - Get Free Report) last released its earnings results on Wednesday, March 5th. The technology company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.14. The business had revenue of $6.70 million for the quarter, compared to the consensus estimate of $6.12 million. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. During the same period last year, the firm posted $0.02 earnings per share. Analysts anticipate that Identiv will post -1.11 earnings per share for the current fiscal year.

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.