Identiv (NASDAQ:INVE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and 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 Identiv from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th.

Identiv (INVE) opened at $3.56 on Wednesday. Identiv has a 1-year low of $2.55 and a 1-year 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. The stock has a market capitalization of $49.57, a PE ratio of -9.37 and a beta of -0.43.

Identiv (NASDAQ:INVE) last released its earnings results on Thursday, November 9th. The technology company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.03. Identiv had a negative return on equity of 38.59% and a negative net margin of 8.04%. equities analysts forecast that Identiv will post -0.36 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. AWM Investment Company Inc. acquired a new position in Identiv in the second quarter valued at about $3,293,000. Manatuck Hill Partners LLC lifted its stake in Identiv by 170.0% in the second quarter. Manatuck Hill Partners LLC now owns 135,000 shares of the technology company’s stock valued at $709,000 after buying an additional 85,000 shares during the period. Essex Investment Management Co. LLC lifted its stake in Identiv by 64.3% in the third quarter. Essex Investment Management Co. LLC now owns 263,974 shares of the technology company’s stock valued at $1,225,000 after buying an additional 103,294 shares during the period. Sterling Capital Management LLC acquired a new position in Identiv in the second quarter valued at about $111,000. Finally, Vanguard Group Inc. lifted its stake in Identiv by 1.0% in the second quarter. Vanguard Group Inc. now owns 259,868 shares of the technology company’s stock valued at $1,364,000 after buying an additional 2,476 shares during the period. 33.31% of the stock is currently owned by hedge funds and other institutional investors.

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Identiv Company Profile

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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