Renaissance Technologies LLC Purchases 85,628 Shares of Identiv, Inc. (NASDAQ:INVE)

Renaissance Technologies LLC grew its position in Identiv, Inc. (NASDAQ:INVE - Free Report) by 94.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,710 shares of the technology company's stock after purchasing an additional 85,628 shares during the period. Renaissance Technologies LLC owned about 0.74% of Identiv worth $647,000 at the end of the most recent reporting period.

Separately, Raymond James Financial Inc. bought a new position in Identiv in the 4th quarter valued at $37,000. 65.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Identiv

In related news, CEO Kirsten F. Newquist purchased 19,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $3.32 per share, with a total value of $63,080.00. Following the completion of the acquisition, the chief executive officer now directly owns 258,931 shares of the company's stock, valued at approximately $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 accessible through this link. 4.60% of the stock is owned by company insiders.

Identiv Price Performance

Shares of NASDAQ INVE traded up $0.02 during trading on Thursday, reaching $3.16. 9,110 shares of the stock traded hands, compared to its average volume of 55,721. The stock has a market capitalization of $74.50 million, a P/E ratio of 1.03 and a beta of 1.51. Identiv, Inc. has a 52-week low of $2.86 and a 52-week high of $5.01. The company has a 50-day moving average of $3.24 and a 200-day moving average of $3.55.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on INVE. Lake Street Capital lowered their target price on Identiv from $7.00 to $6.00 and set a "buy" rating on the stock 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 report on Thursday, March 20th.

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.