Identiv (NASDAQ:INVE) Shares Pass Above 200-Day Moving Average - Should You Sell?

Key Points

• Identiv shares crossed above its 200-day moving average, trading as high as $3.70 and last at $3.68 versus a 200‑day MA of $3.51 on volume of ~80,761 shares.
• Analyst views are mixed — three Buys and one Sell give an average rating of "Moderate Buy" with a mean price target of $5.33, while Weiss Ratings reiterated a sell.
• Recent quarter showed an EPS of ($0.16) and revenue of $6.17M, both modest beats, but the company remains unprofitable (negative ROE and net margin), has a market cap of about $88M, and ~65% institutional ownership.

Shares of Identiv, Inc. (NASDAQ:INVE - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.51 and traded as high as $3.70. Identiv shares last traded at $3.68, with a volume of 80,761 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Identiv in a research note on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $5.33.

Identiv Stock Performance

The company has a 50 day moving average of $3.41 and a two-hundred day moving average of $3.51. The stock has a market capitalization of $88.13 million, a PE ratio of -4.72 and a beta of 1.23.

Identiv (NASDAQ:INVE - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The technology company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.01. Identiv had a negative return on equity of 12.39% and a negative net margin of 83.80%.The business had revenue of $6.17 million for the quarter, compared to the consensus estimate of $5.65 million. As a group, research analysts predict that Identiv, Inc. will post -1.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Pillsbury Lake Capital LLC purchased a new position in shares of Identiv in the fourth quarter worth about $3,630,000. NewEdge Advisors LLC purchased a new position in shares of Identiv in the fourth quarter worth about $152,000. Boothbay Fund Management LLC raised its stake in shares of Identiv by 7.0% in the fourth quarter. Boothbay Fund Management LLC now owns 401,519 shares of the technology company's stock worth $1,542,000 after purchasing an additional 26,111 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Identiv by 75.6% in the fourth quarter. Essex Investment Management Co. LLC now owns 723,685 shares of the technology company's stock worth $2,779,000 after purchasing an additional 311,540 shares during the last quarter. Finally, Wedbush Securities Inc. raised its stake in shares of Identiv by 176.5% in the fourth quarter. Wedbush Securities Inc. now owns 36,121 shares of the technology company's stock worth $139,000 after purchasing an additional 23,056 shares during the last quarter. 65.16% of the stock is currently owned by hedge funds and other institutional investors.

About Identiv

Identiv, Inc NASDAQ: INVE is a global provider of physical security and secure identification solutions, delivering hardware and software platforms that protect people, property and assets. Founded in 1969 through the establishment of Hirsch Electronics and later rebranded as Identiv in 2008, the company has evolved to address the convergence of physical and digital security in an increasingly connected world.

The company's product portfolio spans RFID and NFC reader modules, smart card and credential technologies, access control hardware, secure IoT connectivity, and contactless identification solutions.

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