Roumell Asset Management LLC Purchases 95,000 Shares of Identiv, Inc. (NASDAQ:INVE)

Roumell Asset Management LLC grew its stake in Identiv, Inc. (NASDAQ:INVE) by 28.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 426,278 shares of the technology company’s stock after acquiring an additional 95,000 shares during the period. Identiv accounts for about 7.6% of Roumell Asset Management LLC’s investment portfolio, making the stock its 5th biggest position. Roumell Asset Management LLC owned approximately 1.84% of Identiv worth $3,513,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its stake in shares of Identiv by 10.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 108,707 shares of the technology company’s stock worth $896,000 after acquiring an additional 10,543 shares during the last quarter. Citigroup Inc. bought a new position in shares of Identiv in the third quarter worth about $459,000. Potomac Capital Management Inc. raised its stake in shares of Identiv by 100.0% in the third quarter. Potomac Capital Management Inc. now owns 20,000 shares of the technology company’s stock worth $169,000 after acquiring an additional 10,000 shares during the last quarter. Trexquant Investment LP raised its stake in shares of Identiv by 74.6% in the third quarter. Trexquant Investment LP now owns 47,022 shares of the technology company’s stock worth $397,000 after acquiring an additional 20,098 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Identiv by 34.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,343 shares of the technology company’s stock worth $349,000 after acquiring an additional 10,636 shares during the last quarter. 65.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. B. Riley dropped their target price on shares of Identiv from $10.00 to $9.50 and set a “buy” rating for the company in a research note on Wednesday, March 13th. StockNews.com downgraded shares of Identiv from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Finally, Craig Hallum dropped their price target 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.

Insider Activity at Identiv

In other news, CEO Steven Humphreys acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average price of $4.15 per share, for a total transaction of $41,500.00. Following the completion of the acquisition, the chief executive officer now owns 191,939 shares in the company, valued at $796,546.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Steven Humphreys purchased 10,000 shares of Identiv stock in a transaction dated Friday, May 17th. The stock was bought at an average price of $4.15 per share, for a total transaction of $41,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 191,939 shares of the company’s stock, valued at $796,546.85. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kirsten F. Newquist purchased 17,166 shares of Identiv stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of $4.47 per share, with a total value of $76,732.02. Following the acquisition, the insider now directly owns 17,166 shares of the company’s stock, valued at $76,732.02. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 61,166 shares of company stock worth $260,522. 4.60% of the stock is currently owned by company insiders.

Identiv Trading Down 4.4 %

Shares of INVE traded down $0.19 on Friday, reaching $4.11. 132,178 shares of the company’s stock were exchanged, compared to its average volume of 161,570. The business has a 50 day moving average price of $4.90 and a two-hundred day moving average price of $6.81. Identiv, Inc. has a 12 month low of $4.01 and a 12 month high of $9.26.

Identiv (NASDAQ:INVE) last issued its quarterly earnings data 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 firm had revenue of $22.49 million for the quarter, compared to analyst estimates of $23.00 million. Identiv had a negative net margin of 6.49% and a negative return on equity of 9.99%. During the same quarter in the prior year, the firm posted ($0.13) EPS. On average, sell-side analysts anticipate that Identiv, Inc. will post -0.82 earnings per share for the current year.

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.