Identiv, Inc. (NASDAQ:INVE) CEO Steven Humphreys Purchases 10,000 Shares

Identiv, Inc. (NASDAQ:INVE - Get Free Report) CEO Steven Humphreys bought 10,000 shares of the business's stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average cost of $4.15 per share, with a total value of $41,500.00. Following the purchase, the chief executive officer now directly owns 191,939 shares in the company, valued at approximately $796,546.85. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Identiv Stock Down 4.3 %

Shares of INVE stock traded down $0.18 during trading hours on Monday, hitting $4.01. 240,635 shares of the company were exchanged, compared to its average volume of 101,298. The firm has a fifty day moving average of $5.81 and a 200 day moving average of $6.98. The firm has a market cap of $93.75 million, a PE ratio of -11.14 and a beta of 1.39. Identiv, Inc. has a 1 year low of $4.01 and a 1 year high of $9.26.

Identiv (NASDAQ:INVE - Get Free Report) last posted its earnings results on Wednesday, May 8th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.06). The business had revenue of $22.49 million for the quarter, compared to analyst estimates of $23.00 million. Identiv had a negative return on equity of 9.99% and a negative net margin of 6.49%. During the same period last year, the company posted ($0.13) EPS. Analysts expect that Identiv, Inc. will post -0.82 earnings per share for the current year.

Institutional Trading of Identiv

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Identiv by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,190,743 shares of the technology company's stock worth $9,431,000 after purchasing an additional 3,407 shares in the last quarter. Essex Investment Management Co. LLC increased its position in Identiv by 1.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 395,438 shares of the technology company's stock worth $3,132,000 after purchasing an additional 6,016 shares in the last quarter. Roumell Asset Management LLC grew its position in Identiv by 28.7% in the fourth quarter. Roumell Asset Management LLC now owns 426,278 shares of the technology company's stock valued at $3,513,000 after acquiring an additional 95,000 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Identiv by 10.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 108,707 shares of the technology company's stock valued at $896,000 after acquiring an additional 10,543 shares in the last quarter. Finally, Citigroup Inc. acquired a new stake in Identiv in the third quarter valued at approximately $459,000. Institutional investors and hedge funds own 65.16% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Craig Hallum cut their target price on shares of Identiv from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, May 9th. B. Riley cut their price objective on shares of Identiv from $10.00 to $9.50 and set a "buy" rating on the stock in a report on Wednesday, March 13th. Finally, StockNews.com lowered shares of Identiv from a "hold" rating to a "sell" rating in a report on Monday, May 6th.

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.

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