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

Key Points

• Identiv's stock price recently surpassed its 200-day moving average, trading at $3.66 compared to a moving average of $3.37.
• Analysts have a consensus target price of $5.33 for Identiv, with several firms giving it a "buy" rating.
• The company reported a quarterly earnings result of ($0.26) EPS, exceeding expectations, but with a slight revenue miss compared to estimates.

Identiv, Inc. (NASDAQ:INVE - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.37 and traded as high as $3.82. Identiv shares last traded at $3.66, with a volume of 32,759 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on INVE. B. Riley reduced their price objective on Identiv from $6.50 to $6.00 and set a "buy" rating for the company in a report on Friday, August 8th. Wall Street Zen upgraded Identiv from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Craig Hallum restated a "buy" rating and set a $5.00 price objective on shares of Identiv in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $5.33.

Identiv Trading Up 0.8%

The company has a market capitalization of $88.24 million, a P/E ratio of 1.22 and a beta of 1.35. The stock has a 50 day moving average price of $3.62 and a 200 day moving average price of $3.37.

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

Institutional Trading of Identiv

Large investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in Identiv during the 2nd quarter worth about $38,000. Jane Street Group LLC bought a new position in shares of Identiv during the 4th quarter worth about $54,000. Goldman Sachs Group Inc. boosted its position in shares of Identiv by 56.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 49,295 shares of the technology company's stock worth $157,000 after purchasing an additional 17,811 shares in the last quarter. Millennium Management LLC boosted its position in shares of Identiv by 56.6% during the 4th quarter. Millennium Management LLC now owns 235,254 shares of the technology company's stock worth $861,000 after purchasing an additional 85,020 shares in the last quarter. Finally, Peapod Lane Capital LLC bought a new position in shares of Identiv during the 1st quarter worth about $982,000. 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.