Identiv, Inc. (INVE) Director Buys $55,200.00 in Stock

Identiv, Inc. (NASDAQ:INVE) Director Nina B. Shapiro purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were acquired at an average price of $5.52 per share, for a total transaction of $55,200.00. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Identiv, Inc. (NASDAQ INVE) traded down 3.20% during midday trading on Tuesday, reaching $5.15. 56,222 shares of the company’s stock were exchanged. The company’s market cap is $57.75 million. Identiv, Inc. has a 12 month low of $1.61 and a 12 month high of $7.81. The company has a 50 day moving average price of $5.43 and a 200 day moving average price of $5.05.

Identiv (NASDAQ:INVE) last issued its earnings results on Wednesday, May 10th. The technology company reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.09. The business had revenue of $13.39 million during the quarter, compared to the consensus estimate of $13.16 million. Identiv had a negative return on equity of 128.41% and a negative net margin of 9.56%. During the same period in the previous year, the company posted ($0.83) earnings per share. On average, equities analysts anticipate that Identiv, Inc. will post ($0.15) EPS for the current year.

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A number of equities research analysts have weighed in on the stock. Imperial Capital lifted their price target on shares of Identiv from $3.00 to $7.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 4th. Zacks Investment Research upgraded shares of Identiv from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Monday, March 13th.

A number of large investors have recently modified their holdings of INVE. UBS Group AG increased its stake in shares of Identiv by 11.3% in the first quarter. UBS Group AG now owns 15,579 shares of the technology company’s stock worth $110,000 after buying an additional 1,579 shares during the last quarter. EAM Investors LLC acquired a new stake in shares of Identiv during the first quarter worth $688,000. Renaissance Technologies LLC increased its stake in shares of Identiv by 32.0% in the fourth quarter. Renaissance Technologies LLC now owns 234,940 shares of the technology company’s stock worth $747,000 after buying an additional 56,980 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in shares of Identiv by 163.1% in the first quarter. Essex Investment Management Co. LLC now owns 145,935 shares of the technology company’s stock worth $1,030,000 after buying an additional 90,462 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Identiv by 3.3% in the first quarter. Vanguard Group Inc. now owns 257,392 shares of the technology company’s stock worth $1,817,000 after buying an additional 8,170 shares during the last quarter. Institutional investors and hedge funds own 14.72% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:INVE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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