Identiv, Inc. (NASDAQ:INVE) Shares Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC grew its holdings in Identiv, Inc. (NASDAQ:INVE - Free Report) by 183.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 250,883 shares of the technology company's stock after buying an additional 162,248 shares during the period. Boothbay Fund Management LLC owned 1.05% of Identiv worth $918,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of 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 acquiring an additional 5,844 shares during the period. Marshall Wace LLP acquired a new stake in shares of Identiv in the 4th quarter valued at approximately $51,000. Portolan Capital Management LLC boosted its stake in shares of Identiv by 3.8% in the fourth quarter. Portolan Capital Management LLC now owns 1,046,924 shares of the technology company's stock valued at $3,832,000 after buying an additional 38,704 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Identiv during the fourth quarter worth $37,000. Finally, Renaissance Technologies LLC raised its position in Identiv by 94.0% in 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 in the last quarter. Hedge funds and other institutional investors own 65.16% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on INVE shares. Lake Street Capital decreased their target price on shares of Identiv from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. StockNews.com downgraded shares of Identiv from a "hold" rating to a "sell" rating in a research report on Thursday, March 20th.

Insider Activity at Identiv

In other news, CEO Kirsten F. Newquist bought 19,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $3.32 per share, with a total value of $63,080.00. Following the purchase, the chief executive officer now owns 258,931 shares of the company's stock, valued at $859,650.92. This trade represents a 7.92 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 4.60% of the stock is owned by corporate insiders.

Identiv Trading Up 1.3 %

Shares of NASDAQ:INVE traded up $0.05 during midday trading on Monday, hitting $3.39. 5,232 shares of the stock were exchanged, compared to its average volume of 74,999. Identiv, Inc. has a twelve month low of $2.86 and a twelve month high of $5.27. The company has a 50 day moving average price of $3.27 and a 200-day moving average price of $3.55. The stock has a market cap of $79.80 million, a P/E ratio of 1.11 and a beta of 1.32.

Identiv (NASDAQ:INVE - Get Free Report) last announced its earnings results on Wednesday, March 5th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.25) by $0.14. The company had revenue of $6.70 million during the quarter, compared to analysts' expectations of $6.12 million. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. During the same quarter in the previous year, the business posted $0.02 earnings per share. On average, equities research analysts expect that Identiv, Inc. will post -1.11 earnings per share 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.