AIGH Capital Management LLC Purchases New Position in Identiv, Inc. $INVE

AIGH Capital Management LLC acquired a new position in Identiv, Inc. (NASDAQ:INVE) during the first quarter, Holdings Channel reports. The institutional investor acquired 409,186 shares of the technology company’s stock, valued at approximately $1,514,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Identiv by 1.8% in the third quarter. Vanguard Group Inc. now owns 1,186,883 shares of the technology company’s stock worth $4,095,000 after acquiring an additional 20,719 shares in the last quarter. Pillsbury Lake Capital LLC bought a new position in shares of Identiv during the 4th quarter valued at $3,630,000. Essex Investment Management Co. LLC raised its holdings in shares of Identiv by 75.6% during the 4th quarter. Essex Investment Management Co. LLC now owns 723,685 shares of the technology company’s stock valued at $2,779,000 after purchasing an additional 311,540 shares in the last quarter. Prelude Capital Management LLC lifted its stake in shares of Identiv by 0.6% in the 3rd quarter. Prelude Capital Management LLC now owns 617,481 shares of the technology company’s stock valued at $2,130,000 after purchasing an additional 3,623 shares during the last quarter. Finally, Cannell Capital LLC lifted its stake in shares of Identiv by 0.6% in the 3rd quarter. Cannell Capital LLC now owns 610,855 shares of the technology company’s stock valued at $2,107,000 after purchasing an additional 3,723 shares during the last quarter. Institutional investors own 65.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group set a $3.10 price objective on shares of Identiv in a report on Thursday, June 25th. Lake Street Capital cut Identiv from a “buy” rating to a “hold” rating and reduced their price target for the stock from $6.00 to $4.00 in a research report on Thursday, June 25th. Wall Street Zen upgraded Identiv to a “hold” rating in a research note on Saturday, April 25th. Craig Hallum lowered Identiv from a “buy” rating to a “hold” rating and set a $3.10 price objective on the stock. in a report on Thursday, June 25th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Identiv in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.05.

Identiv Price Performance

Shares of INVE opened at $2.65 on Thursday. The company has a market capitalization of $63.63 million, a PE ratio of -3.68 and a beta of 1.24. Identiv, Inc. has a one year low of $2.43 and a one year high of $5.30. The company’s fifty day moving average price is $3.88 and its 200 day moving average price is $3.62.

Identiv (NASDAQ:INVE) last released its quarterly earnings results on Wednesday, May 13th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). Identiv had a negative net margin of 70.52% and a negative return on equity of 11.74%. The firm had revenue of $7.41 million for the quarter, compared to the consensus estimate of $6.92 million. Analysts anticipate that Identiv, Inc. will post -0.66 earnings per share for the current year.

About Identiv

Identiv, Inc (NASDAQ: INVE) is a global provider of physical security and secure identification solutions, delivering hardware and software platforms that protect people, property and assets. Founded in 1969 through the establishment of Hirsch Electronics and later rebranded as Identiv in 2008, the company has evolved to address the convergence of physical and digital security in an increasingly connected world.

The company’s product portfolio spans RFID and NFC reader modules, smart card and credential technologies, access control hardware, secure IoT connectivity, and contactless identification solutions.