Identiv, Inc. (NASDAQ:INVE - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.35 and traded as high as $3.72. Identiv shares last traded at $3.71, with a volume of 9,833 shares.
Analyst Ratings Changes
INVE has been the subject of several recent research reports. Craig Hallum restated a "buy" rating and issued a $5.00 price target on shares of Identiv in a research note on Friday, August 8th. 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 note on Friday, August 8th. Wall Street Zen upgraded Identiv from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Lake Street Capital reduced their price target on Identiv from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Identiv has an average rating of "Buy" and an average target price of $5.33.
Read Our Latest Stock Report on Identiv
Identiv Stock Performance
The firm has a market capitalization of $87.76 million, a P/E ratio of 1.22 and a beta of 1.35. The company has a 50 day moving average of $3.49 and a 200-day moving average of $3.35.
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 firm had revenue of $5.04 million during the quarter, compared to analysts' expectations 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, sell-side analysts forecast that Identiv, Inc. will post -1.11 EPS for the current fiscal year.
Hedge Funds Weigh In On Identiv
Several hedge funds and other institutional investors have recently added to or reduced their stakes in INVE. Raymond James Financial Inc. acquired a new position in Identiv in the 4th quarter valued at $37,000. XTX Topco Ltd acquired a new position in Identiv in the 2nd quarter valued at $38,000. Occudo Quantitative Strategies LP acquired a new position in Identiv in the 4th quarter valued at $49,000. Marshall Wace LLP acquired a new position in Identiv in the 4th quarter valued at $51,000. Finally, Jane Street Group LLC acquired a new position in Identiv in the 4th quarter valued at $54,000. 65.16% of the stock is owned by institutional investors and hedge funds.
About Identiv
(
Get Free Report)
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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