Zacks Investment Research downgraded shares of Identiv (NASDAQ:INVE) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

According to Zacks, “Identiv Inc. is a global security technology company. It provides trust solutions in the connected world, including premises, information and everyday items. The Company’s trust solutions are implemented using standards-driven products and technology, such as hardware, software, digital certificates, and mobility and cloud services. Its products are used in corporate employee identification cards, company email, information technology networks and facility access control, in national ID cards and passports, transport passes, banking and other uses. Identiv Group, Inc., formerly known as Identive Group, Inc., is headquartered in Fremont, California. “

Separately, ValuEngine lowered shares of Identiv from a hold rating to a sell rating in a research note on Thursday, October 26th.

Identiv (NASDAQ INVE) opened at $3.40 on Wednesday. Identiv has a 12 month low of $2.55 and a 12 month high of $7.81. The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 0.21.

A number of institutional investors have recently modified their holdings of the business. Royce & Associates LP boosted its holdings in Identiv by 15.0% in the 2nd quarter. Royce & Associates LP now owns 755,086 shares of the technology company’s stock valued at $3,964,000 after purchasing an additional 98,497 shares during the period. AWM Investment Company Inc. bought a new stake in Identiv in the 2nd quarter valued at $3,293,000. Essex Investment Management Co. LLC boosted its holdings in Identiv by 64.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 263,974 shares of the technology company’s stock valued at $1,225,000 after purchasing an additional 103,294 shares during the period. Vanguard Group Inc. boosted its holdings in Identiv by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 259,868 shares of the technology company’s stock valued at $1,364,000 after purchasing an additional 2,476 shares during the period. Finally, Manatuck Hill Partners LLC boosted its holdings in Identiv by 170.0% in the 2nd quarter. Manatuck Hill Partners LLC now owns 135,000 shares of the technology company’s stock valued at $709,000 after purchasing an additional 85,000 shares during the period. 33.31% of the stock is owned by hedge funds and other institutional investors.

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About Identiv

Identiv, Inc is a global security technology company. The Company operates through four segments: Physical access control systems (PACS), Identity, Credentials and All Other. PACS segment provides solutions and services that enable the issuance, management and use of secure identity credentials in diverse markets.

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