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

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 share price passed 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on INVE shares. Craig Hallum reissued a "buy" rating and issued a $5.00 price target on shares of Identiv in a report on Friday, August 8th. Wall Street Zen raised shares of Identiv from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Finally, B. Riley lowered their target price 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. Three research 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 Price Performance

The firm has a market capitalization of $88.24 million, a PE ratio of 1.22 and a beta of 1.35. The business's 50 day moving average is $3.62 and its two-hundred day moving average is $3.37.

Identiv (NASDAQ:INVE - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.05. The firm had revenue of $5.04 million for 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 expect that Identiv, Inc. will post -1.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in shares of Identiv during the fourth quarter worth approximately $54,000. Peapod Lane Capital LLC purchased a new position in shares of Identiv during the first quarter worth approximately $982,000. Millennium Management LLC raised its stake in shares of Identiv by 56.6% during the fourth quarter. Millennium Management LLC now owns 235,254 shares of the technology company's stock worth $861,000 after acquiring an additional 85,020 shares in the last quarter. Cannell Capital LLC purchased a new position in shares of Identiv during the second quarter worth approximately $1,979,000. Finally, Boothbay Fund Management LLC raised 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 worth $1,217,000 after acquiring an additional 80,678 shares in the last quarter. 65.16% of the stock is owned by hedge funds and other institutional investors.

About Identiv

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.