Justin Scarpulla Buys 6,565 Shares of Identiv, Inc. (NASDAQ:INVE) Stock

Identiv, Inc. (NASDAQ:INVE) CFO Justin Scarpulla acquired 6,565 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was bought at an average price of $3.20 per share, with a total value of $21,008.00. Following the acquisition, the chief financial officer now directly owns 231,178 shares in the company, valued at $739,769.60. This represents a 2.92 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Identiv Price Performance

Shares of NASDAQ INVE opened at $3.41 on Wednesday. The stock has a market capitalization of $81.45 million, a price-to-earnings ratio of 1.11 and a beta of 1.38. The business has a 50-day moving average of $3.53 and a 200-day moving average of $3.62. Identiv, Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $8.52.

Identiv (NASDAQ:INVE) last issued its earnings results on Wednesday, March 5th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.14. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. The business had revenue of $6.70 million during the quarter, compared to the consensus estimate of $6.12 million. During the same period last year, the business posted $0.02 EPS. On average, sell-side analysts expect that Identiv, Inc. will post -1.11 EPS for the current year.

Institutional Investors Weigh In On Identiv

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Identiv in the 4th quarter valued at about $37,000. Occudo Quantitative Strategies LP acquired a new stake in Identiv in the 4th quarter valued at about $49,000. Marshall Wace LLP acquired a new stake in Identiv in the 4th quarter valued at about $51,000. Jane Street Group LLC acquired a new stake in Identiv in the 4th quarter valued at about $54,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Identiv in the 3rd quarter valued at about $228,000. 65.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital decreased their price objective on Identiv from $7.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, March 6th.

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.