Royce & Associates LP Increases Stake in Identiv, Inc. (NASDAQ:INVE)

Royce & Associates LP raised its holdings in shares of Identiv, Inc. (NASDAQ:INVE) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,491,570 shares of the technology company’s stock after purchasing an additional 117,827 shares during the quarter. Royce & Associates LP owned approximately 6.24% of Identiv worth $5,459,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Jacobs Levy Equity Management Inc. purchased a new position in Identiv during the third quarter valued at approximately $228,000. 65.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Lake Street Capital lowered their target price on shares of Identiv from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th.

Insider Buying and Selling

In other news, CEO Kirsten F. Newquist purchased 19,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $3.32 per share, with a total value of $63,080.00. Following the completion of the purchase, the chief executive officer now directly owns 258,931 shares in the company, valued at approximately $859,650.92. This trade represents a 7.92 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.60% of the stock is owned by company insiders.

Identiv Trading Down 1.5 %

Shares of INVE opened at $3.36 on Thursday. Identiv, Inc. has a 12-month low of $2.95 and a 12-month high of $8.52. The company has a market cap of $80.25 million, a PE ratio of 1.10 and a beta of 1.38. The stock has a 50-day moving average price of $3.53 and a 200-day moving average price of $3.62.

Identiv (NASDAQ:INVE) last released its quarterly earnings results on Wednesday, March 5th. The technology company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.14. The business had revenue of $6.70 million during the quarter, compared to analysts’ expectations of $6.12 million. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. During the same quarter in the previous year, the company earned $0.02 EPS. As a group, analysts predict that Identiv, Inc. will post -1.11 earnings per share for the current year.

Identiv 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.