White Pine Capital LLC bought a new stake in shares of Identiv, Inc. (NASDAQ:INVE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 36,525 shares of the technology company’s stock, valued at approximately $192,000. White Pine Capital LLC owned 0.33% of Identiv at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Royce & Associates LP boosted its holdings in Identiv by 15.0% during the 2nd quarter. Royce & Associates LP now owns 755,086 shares of the technology company’s stock valued at $3,964,000 after acquiring an additional 98,497 shares during the period. First Eagle Investment Management LLC boosted its holdings in Identiv by 1,584.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,095,000 shares of the technology company’s stock valued at $5,749,000 after acquiring an additional 1,030,000 shares during the period. Essex Investment Management Co. LLC boosted its holdings in Identiv by 10.1% during the 2nd quarter. Essex Investment Management Co. LLC now owns 160,680 shares of the technology company’s stock valued at $844,000 after acquiring an additional 14,745 shares during the period. Hollencrest Securities LLC boosted its holdings in Identiv by 11.3% during the 2nd quarter. Hollencrest Securities LLC now owns 29,605 shares of the technology company’s stock valued at $155,000 after acquiring an additional 3,000 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Identiv by 18.5% during the 1st quarter. Renaissance Technologies LLC now owns 278,359 shares of the technology company’s stock valued at $1,965,000 after acquiring an additional 43,419 shares during the period. Institutional investors own 33.43% of the company’s stock.
Identiv, Inc. (NASDAQ INVE) opened at 4.38 on Tuesday. Identiv, Inc. has a one year low of $1.96 and a one year high of $7.81. The company’s 50-day moving average price is $5.03 and its 200-day moving average price is $5.56. The stock’s market capitalization is $61.62 million.
Identiv (NASDAQ:INVE) last posted its quarterly earnings results on Thursday, August 10th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.01. Identiv had a negative return on equity of 50.00% and a negative net margin of 7.53%. The firm had revenue of $14.84 million during the quarter, compared to the consensus estimate of $14.71 million. During the same quarter in the previous year, the business earned ($0.27) earnings per share. Equities research analysts predict that Identiv, Inc. will post ($0.18) EPS for the current year.
A number of brokerages recently commented on INVE. Zacks Investment Research cut Identiv from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Northland Securities set a $10.00 target price on Identiv and gave the company a “buy” rating in a report on Monday, August 7th.
In other news, Director Nina B. Shapiro purchased 10,000 shares of the stock in a transaction on Wednesday, June 14th. The stock was purchased at an average price of $5.52 per share, with a total value of $55,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.30% of the stock is currently owned by insiders.
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.
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