Identiv (NASDAQ:INVE) Rating Increased to Hold at Wall Street Zen

Key Points

• Analyst ratings diverge: Wall Street Zen upgraded Identiv to a "hold" while Weiss Ratings reaffirmed a "sell (d)"; the stock's consensus on MarketBeat is a "Moderate Buy" with a $5.33 price target.
• Shares and recent results: Shares jumped about 12.6% to $4.37; Identiv reported Q1 EPS of -$0.16 (beating -$0.17) and revenue of $6.17M (beating $5.65M) but remains unprofitable with an 83.8% negative net margin and analysts forecast -0.58 EPS for the year.

Identiv (NASDAQ:INVE - Get Free Report) was upgraded by stock analysts at Wall Street Zen to a "hold" rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Identiv in a report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $5.33.

Identiv Stock Up 12.6%

Shares of NASDAQ:INVE opened at $4.37 on Friday. The company has a market cap of $104.66 million, a price-to-earnings ratio of -5.60 and a beta of 1.23. The firm's 50-day simple moving average is $3.50 and its 200-day simple moving average is $3.52. Identiv has a fifty-two week low of $3.01 and a fifty-two week high of $4.40.

Identiv (NASDAQ:INVE - Get Free Report) last issued its earnings results on Thursday, March 12th. The technology company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.01. The business had revenue of $6.17 million for the quarter, compared to the consensus estimate of $5.65 million. Identiv had a negative net margin of 83.80% and a negative return on equity of 12.39%. On average, research analysts forecast that Identiv will post -0.58 EPS for the current year.

Institutional Trading of Identiv

Institutional investors have recently added to or reduced their stakes in the stock. Boothbay Fund Management LLC lifted its holdings in shares of Identiv by 7.0% in the fourth quarter. Boothbay Fund Management LLC now owns 401,519 shares of the technology company's stock valued at $1,542,000 after purchasing an additional 26,111 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Identiv by 176.5% in the fourth quarter. Wedbush Securities Inc. now owns 36,121 shares of the technology company's stock valued at $139,000 after purchasing an additional 23,056 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Identiv in the third quarter valued at about $85,000. Cannell Capital LLC purchased a new stake in shares of Identiv in the second quarter valued at about $1,979,000. Finally, Jane Street Group LLC purchased a new stake in shares of Identiv in the second quarter valued at about $55,000. Hedge funds and other institutional investors own 65.16% of the company's stock.

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.

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