Identiv Inc (NASDAQ:INVE) Director Gary Kremen purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average cost of $5.00 per share, for a total transaction of $50,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Gary Kremen also recently made the following trade(s):

  • On Wednesday, November 28th, Gary Kremen purchased 17,000 shares of Identiv stock. The shares were purchased at an average cost of $5.14 per share, for a total transaction of $87,380.00.

Shares of INVE traded down $0.05 during midday trading on Friday, hitting $4.90. The company had a trading volume of 28,413 shares, compared to its average volume of 32,714. The company has a market capitalization of $75.94 million, a P/E ratio of -12.89 and a beta of 0.21. Identiv Inc has a 52 week low of $2.91 and a 52 week high of $6.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.14 and a current ratio of 1.59.

Identiv (NASDAQ:INVE) last released its earnings results on Thursday, November 8th. The technology company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The company had revenue of $20.02 million during the quarter, compared to the consensus estimate of $19.55 million. Identiv had a negative net margin of 13.43% and a negative return on equity of 21.62%. As a group, sell-side analysts expect that Identiv Inc will post -0.23 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Identiv from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Northland Securities reissued a “buy” rating and issued a $10.00 target price on shares of Identiv in a research report on Sunday, August 12th. Lake Street Capital began coverage on shares of Identiv in a research report on Tuesday, September 4th. They issued a “buy” rating and a $9.00 target price for the company. Finally, ValuEngine raised shares of Identiv from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 16th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $8.45.

Several institutional investors and hedge funds have recently added to or reduced their stakes in INVE. Essex Investment Management Co. LLC increased its position in shares of Identiv by 33.1% in the 3rd quarter. Essex Investment Management Co. LLC now owns 592,660 shares of the technology company’s stock worth $3,532,000 after purchasing an additional 147,346 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Identiv by 20.7% in the 3rd quarter. Renaissance Technologies LLC now owns 399,939 shares of the technology company’s stock worth $2,384,000 after purchasing an additional 68,676 shares during the last quarter. Royce & Associates LP increased its position in shares of Identiv by 6.1% in the 3rd quarter. Royce & Associates LP now owns 813,663 shares of the technology company’s stock worth $4,849,000 after purchasing an additional 46,597 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Identiv in the 3rd quarter worth about $205,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Identiv by 107.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 29,669 shares of the technology company’s stock worth $177,000 after purchasing an additional 15,378 shares during the last quarter. 34.24% of the stock is owned by institutional investors.

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Identiv Company Profile

Identiv, Inc operates as a security technology company that secures and manages access to physical places, things, and information primarily in the Americas, Europe, the Middle-East, and the Asia-Pacific. Its Premises segment offers modular Hirsch MX controllers that allow customers to start with a small system and expand over time; Hirsch Velocity software platform for centralized management of access and security operations across an organization; federal identity, credential and acess management architecture, an access control system; TouchSecure door readers that provide various features to support security standards; and global services to support system design, deployment, and managed services across customers premises security lifecycle.

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