Identiv, Inc. (NASDAQ:INVE) CEO Kirsten F. Newquist Purchases 19,000 Shares

Identiv, Inc. (NASDAQ:INVE) CEO Kirsten F. Newquist acquired 19,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $3.32 per share, for a total transaction of $63,080.00. Following the acquisition, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Identiv Price Performance

INVE opened at $3.20 on Tuesday. Identiv, Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $8.52. The company has a market capitalization of $76.43 million, a P/E ratio of 1.05 and a beta of 1.38. The firm’s fifty day moving average price is $3.55 and its two-hundred day moving average price is $3.63.

Identiv (NASDAQ:INVE) last posted its earnings results on Wednesday, March 5th. The technology company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $6.12 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. On average, equities research analysts expect that Identiv, Inc. will post -1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Identiv

A number of hedge funds have recently modified their holdings of INVE. Raymond James Financial Inc. acquired a new stake in Identiv in the 4th quarter valued at $37,000. Occudo Quantitative Strategies LP bought a new stake in shares of Identiv in the 4th quarter worth about $49,000. Marshall Wace LLP acquired a new stake in shares of Identiv during the 4th quarter worth about $51,000. Jane Street Group LLC bought a new position in Identiv during the 4th quarter valued at about $54,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Identiv in the third quarter valued at about $228,000. 65.16% of the stock is owned by institutional investors and hedge funds.

About Identiv

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.