Identiv (NASDAQ:INVE) Shares Cross Above 200 Day Moving Average - Time to Sell?

Identiv, Inc. (NASDAQ:INVE - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.43 and traded as high as $4.05. Identiv shares last traded at $4.01, with a volume of 73,565 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Identiv in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Identiv from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. B. Riley cut their target price on shares of Identiv from $6.50 to $6.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Finally, Craig Hallum reaffirmed a "buy" rating and set a $5.00 target price on shares of Identiv in a research note on Friday, August 8th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $5.33.

Identiv Price Performance

The firm's 50-day moving average is $3.66 and its two-hundred day moving average is $3.43. The company has a market cap of $95.12 million, a P/E ratio of 1.32 and a beta of 1.36.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of INVE. Peapod Lane Capital LLC purchased a new position in Identiv during the first quarter worth $982,000. Goldman Sachs Group Inc. boosted its stake in Identiv by 56.6% during 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 period. XTX Topco Ltd purchased a new position in Identiv during the second quarter worth $38,000. Jane Street Group LLC purchased a new position in Identiv during the second quarter worth $55,000. Finally, Boothbay Fund Management LLC boosted its stake in shares of Identiv by 27.6% during the second quarter. Boothbay Fund Management LLC now owns 373,408 shares of the technology company's stock valued at $1,217,000 after purchasing an additional 80,678 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.