Identiv (NASDAQ:INVE) Share Price Crosses Above 200 Day Moving Average - What's Next?

Identiv, Inc. (NASDAQ:INVE - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.36 and traded as high as $3.69. Identiv shares last traded at $3.57, with a volume of 117,149 shares.

Wall Street Analyst Weigh In

Separately, Lake Street Capital reduced their price target on shares of Identiv from $6.00 to $5.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th.

Identiv Price Performance

The company has a market capitalization of $81.49 million, a P/E ratio of 1.14 and a beta of 1.37. The company has a fifty day moving average price of $3.26 and a 200 day moving average price of $3.35.

Identiv (NASDAQ:INVE - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported ($0.21) EPS for the quarter, topping analysts' consensus estimates of ($0.24) by $0.03. Identiv had a net margin of 287.10% and a negative return on equity of 16.54%. The firm had revenue of $5.27 million during the quarter, compared to analyst estimates of $4.95 million. On average, equities research analysts predict that Identiv, Inc. will post -1.11 earnings per share for the current fiscal year.

Institutional Trading of Identiv

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in Identiv in the fourth quarter valued at approximately $54,000. Raymond James Financial Inc. bought a new position in Identiv in the 4th quarter valued at $37,000. Dimensional Fund Advisors LP boosted its position in shares of Identiv by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 282,303 shares of the technology company's stock worth $1,033,000 after buying an additional 5,844 shares during the period. Boothbay Fund Management LLC grew its position in Identiv by 183.1% during the fourth quarter. Boothbay Fund Management LLC now owns 250,883 shares of the technology company's stock worth $918,000 after buying an additional 162,248 shares in the last quarter. Finally, Peapod Lane Capital LLC acquired a new position in Identiv during the 1st quarter valued at about $982,000. 65.16% of the stock is owned by hedge funds and other institutional investors.

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.