Identiv (NASDAQ:INVE) PT Lowered to $6.00

Identiv (NASDAQ:INVE) had its price target cut by Craig Hallum from $8.00 to $6.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a buy rating on the technology company’s stock.

Separately, StockNews.com downgraded Identiv from a hold rating to a sell rating in a research note on Friday.

Identiv Trading Down 3.9 %

INVE stock opened at $2.95 on Friday. The firm has a market cap of $68.98 million, a PE ratio of -8.19 and a beta of 1.35. Identiv has a 1 year low of $2.95 and a 1 year high of $9.26. The company has a fifty day simple moving average of $4.03 and a 200 day simple moving average of $5.64.

Insider Transactions at Identiv

In other news, CEO Steven Humphreys acquired 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was acquired at an average cost of $4.31 per share, with a total value of $38,790.00. Following the acquisition, the chief executive officer now owns 200,939 shares in the company, valued at $866,047.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Identiv news, CEO Steven Humphreys acquired 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was acquired at an average price of $4.31 per share, with a total value of $38,790.00. Following the transaction, the chief executive officer now owns 200,939 shares of the company’s stock, valued at $866,047.09. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Kremen bought 25,000 shares of the stock in a transaction on Monday, May 20th. The stock was acquired at an average cost of $4.14 per share, for a total transaction of $103,500.00. Following the acquisition, the director now directly owns 265,498 shares in the company, valued at $1,099,161.72. The disclosure for this purchase can be found here. Over the last three months, insiders bought 61,166 shares of company stock worth $260,522. 4.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Identiv

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new stake in Identiv in the 2nd quarter worth $164,000. Perritt Capital Management Inc grew its position in Identiv by 54.2% during the second quarter. Perritt Capital Management Inc now owns 85,300 shares of the technology company’s stock worth $367,000 after buying an additional 30,000 shares in the last quarter. Renaissance Technologies LLC increased its stake in Identiv by 4.9% during the second quarter. Renaissance Technologies LLC now owns 86,382 shares of the technology company’s stock valued at $371,000 after acquiring an additional 4,000 shares during the period. Assenagon Asset Management S.A. raised its holdings in Identiv by 156.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 231,167 shares of the technology company’s stock valued at $994,000 after acquiring an additional 140,981 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its position in shares of Identiv by 1.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 395,438 shares of the technology company’s stock worth $3,132,000 after acquiring an additional 6,016 shares during the period. Institutional investors own 65.16% of the company’s stock.

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.