Identiv (NASDAQ:INVE) Shares Pass 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 Monday . The stock has a 200-day moving average of $3.36 and traded as high as $3.87. Identiv shares last traded at $3.80, with a volume of 31,462 shares traded.

Analyst Upgrades and Downgrades

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

Identiv Trading Down 0.5%

The stock has a 50-day simple moving average of $3.56 and a 200-day simple moving average of $3.36. The company has a market cap of $90.14 million, a price-to-earnings ratio of 1.25 and a beta of 1.35.

Identiv (NASDAQ:INVE - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $5.04 million during the quarter, compared to analyst estimates of $5.10 million. Identiv had a negative return on equity of 13.75% and a net margin of 308.59%. Identiv has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Identiv, Inc. will post -1.11 EPS for the current fiscal year.

Institutional Trading of Identiv

Several institutional investors have recently modified their holdings of the company. Cannell Capital LLC acquired a new stake in shares of Identiv in the second quarter valued at $1,979,000. Boothbay Fund Management LLC lifted its holdings 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 last quarter. Peapod Lane Capital LLC purchased a new stake in shares of Identiv during the first quarter valued at $982,000. Dimensional Fund Advisors LP lifted its holdings in shares of Identiv by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 282,303 shares of the technology company's stock valued at $1,033,000 after purchasing an additional 5,844 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings 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 valued at $861,000 after purchasing an additional 85,020 shares during the last quarter. Institutional investors and hedge funds own 65.16% of the company's stock.

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.

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