Identiv (NASDAQ:INVE) Shares Cross Above 200 Day Moving Average - Here's Why

Shares of Identiv, Inc. (NASDAQ:INVE - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.39 and traded as high as $3.79. Identiv shares last traded at $3.73, with a volume of 26,597 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Craig Hallum restated a "buy" rating and issued a $5.00 target price on shares of Identiv in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Identiv from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. B. Riley dropped their price objective on shares of Identiv from $6.50 to $6.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Identiv in a research note on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $5.33.

Identiv Stock Up 1.6%

The company has a market capitalization of $88.48 million, a price-to-earnings ratio of 1.23 and a beta of 1.36. The company's 50 day simple moving average is $3.64 and its two-hundred day simple moving average is $3.39.

Identiv (NASDAQ:INVE - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.05. The company had revenue of $5.04 million during the quarter, compared to the consensus estimate of $5.10 million. Identiv had a net margin of 308.59% and a negative return on equity of 13.75%. Identiv has set its Q3 2025 guidance at EPS. Analysts anticipate that Identiv, Inc. will post -1.11 EPS for the current year.

Institutional Investors Weigh In On Identiv

Several institutional investors have recently bought and sold shares of the company. Cannell Capital LLC acquired a new stake in Identiv in the second quarter valued at approximately $1,979,000. Boothbay Fund Management LLC raised its holdings in shares of Identiv by 27.6% in the second quarter. Boothbay Fund Management LLC now owns 373,408 shares of the technology company's stock worth $1,217,000 after buying an additional 80,678 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Identiv in the second quarter worth $55,000. XTX Topco Ltd purchased a new position in shares of Identiv in the second quarter worth $38,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Identiv by 56.6% in the first quarter. Goldman Sachs Group Inc. now owns 49,295 shares of the technology company's stock worth $157,000 after buying an additional 17,811 shares during the last quarter. 65.16% of the stock is currently owned by institutional investors and hedge funds.

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.

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