Identiv (NASDAQ:INVE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Identiv Inc. is a global security technology company. It provides trust solutions in the connected world, including premises, information and everyday items. The Company’s trust solutions are implemented using standards-driven products and technology, such as hardware, software, digital certificates, and mobility and cloud services. Its products are used in corporate employee identification cards, company email, information technology networks and facility access control, in national ID cards and passports, transport passes, banking and other uses. Identiv Group, Inc., formerly known as Identive Group, Inc., is headquartered in Fremont, California. “

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Separately, ValuEngine cut shares of Identiv from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st.

Shares of Identiv stock opened at $3.87 on Thursday. The stock has a market cap of $52.85, a price-to-earnings ratio of -6.56 and a beta of -0.27. Identiv has a fifty-two week low of $2.55 and a fifty-two week high of $7.58. The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 0.21.

Identiv (NASDAQ:INVE) last released its quarterly earnings results on Thursday, March 8th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.19. Identiv had a negative net margin of 13.52% and a negative return on equity of 40.34%. The company had revenue of $16.56 million during the quarter, compared to analysts’ expectations of $16.53 million. analysts anticipate that Identiv will post -0.26 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its holdings in Identiv by 43.5% during the second quarter. Northern Trust Corp now owns 23,429 shares of the technology company’s stock valued at $123,000 after acquiring an additional 7,104 shares during the period. Vanguard Group Inc. boosted its holdings in Identiv by 1.0% during the second quarter. Vanguard Group Inc. now owns 259,868 shares of the technology company’s stock valued at $1,364,000 after acquiring an additional 2,476 shares during the period. Essex Investment Management Co. LLC boosted its holdings in Identiv by 58.7% during the fourth quarter. Essex Investment Management Co. LLC now owns 418,988 shares of the technology company’s stock valued at $1,399,000 after acquiring an additional 155,014 shares during the period. Finally, Royce & Associates LP boosted its holdings in Identiv by 5.9% during the fourth quarter. Royce & Associates LP now owns 805,086 shares of the technology company’s stock valued at $2,689,000 after acquiring an additional 45,000 shares during the period. Institutional investors own 33.01% of the company’s stock.

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Identiv Company Profile

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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