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

Key Points

• Identiv's stock price recently crossed above its 200-day moving average, reaching a high of $3.79, with shares trading at $3.70.
• Wall Street analysts exhibit a positive outlook, with a consensus rating of "Buy" and an average price target of $5.33, despite some recent adjustments in price objectives.
• The company reported earnings of ($0.26) per share, surpassing analyst expectations, with quarterly revenue of $5.04 million, slightly below estimates of $5.10 million.

Identiv, Inc. (NASDAQ:INVE - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.38 and traded as high as $3.79. Identiv shares last traded at $3.70, with a volume of 9,771 shares traded.

Wall Street Analysts Forecast Growth

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

Identiv Trading Up 1.1%

The firm has a market capitalization of $87.76 million, a P/E ratio of 1.22 and a beta of 1.35. The business's 50 day simple moving average is $3.64 and its two-hundred day simple moving average is $3.38.

Identiv (NASDAQ:INVE - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported ($0.26) earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 308.59% and a negative return on equity of 13.75%. Identiv has set its Q3 2025 guidance at EPS. Analysts predict that Identiv, Inc. will post -1.11 EPS for the current fiscal year.

Institutional Trading of Identiv

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Cannell Capital LLC bought a new stake in Identiv during the 2nd quarter valued at about $1,979,000. Boothbay Fund Management LLC boosted its holdings in shares of Identiv by 27.6% during the 2nd quarter. Boothbay Fund Management LLC now owns 373,408 shares of the technology company's stock valued at $1,217,000 after acquiring an additional 80,678 shares during the last quarter. Peapod Lane Capital LLC purchased a new stake in shares of Identiv during the 1st quarter valued at about $982,000. Millennium Management LLC boosted its holdings 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 valued at $861,000 after acquiring an additional 85,020 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings 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 valued at $157,000 after acquiring an additional 17,811 shares during the last quarter. 65.16% of the stock is currently owned by 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.

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