Identiv, Inc. (NASDAQ:INVE) Director Gary Kremen Purchases 25,000 Shares

Identiv, Inc. (NASDAQ:INVEGet Free Report) Director Gary Kremen acquired 25,000 shares of Identiv stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average cost of $4.14 per share, with a total value of $103,500.00. Following the transaction, the director now owns 265,498 shares of the company’s stock, valued at approximately $1,099,161.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Identiv Stock Performance

INVE opened at $4.24 on Wednesday. The company has a market cap of $99.13 million, a PE ratio of -11.78 and a beta of 1.39. The stock has a 50-day moving average of $5.75 and a 200-day moving average of $6.97. Identiv, Inc. has a 52-week low of $4.01 and a 52-week high of $9.26.

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

Analysts Set New Price Targets

INVE has been the subject of several recent research reports. Craig Hallum lowered their price target on 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 decreased their target price on shares of Identiv from $10.00 to $9.50 and set a “buy” rating for the company in a research report on Wednesday, March 13th. Finally, StockNews.com downgraded shares of Identiv from a “hold” rating to a “sell” rating in a report on Monday, May 6th.

Read Our Latest Analysis on INVE

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Barclays PLC grew its position in shares of Identiv by 148.5% in the third quarter. Barclays PLC now owns 11,583 shares of the technology company’s stock valued at $97,000 after purchasing an additional 6,921 shares during the last quarter. Potomac Capital Management Inc. grew its holdings in Identiv by 100.0% in the 3rd quarter. Potomac Capital Management Inc. now owns 20,000 shares of the technology company’s stock valued at $169,000 after buying an additional 10,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Identiv by 34.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,343 shares of the technology company’s stock worth $349,000 after buying an additional 10,636 shares during the period. Trexquant Investment LP lifted its holdings in shares of Identiv by 74.6% during the third quarter. Trexquant Investment LP now owns 47,022 shares of the technology company’s stock worth $397,000 after buying an additional 20,098 shares during the last quarter. Finally, Citigroup Inc. bought a new stake in shares of Identiv in the third quarter valued at approximately $459,000. Institutional investors own 65.16% of the company’s stock.

About Identiv

(Get Free Report)

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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