Identiv (NASDAQ:INVE) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Identiv, Inc. (NASDAQ:INVE) stock price has crossed above its 200-day moving average, rising to $3.71, up from a moving average of $3.35.
• Multiple research firms have adjusted their price targets for Identiv, with B. Riley setting a target of $6.00 and Craig Hallum maintaining a target of $5.00, while the average target price stands at $5.33.
• Identiv reported earnings of ($0.26) per share for the last quarter, exceeding expectations, with a current market cap of $88 million.

Identiv, Inc. (NASDAQ:INVE - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

A number of equities research analysts recently commented on INVE shares. Lake Street Capital dropped their price objective on shares of Identiv from $6.00 to $5.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Craig Hallum restated a "buy" rating and set a $5.00 price objective on shares of Identiv in a report on Friday, August 8th. Finally, B. Riley dropped their price objective on shares of Identiv from $6.50 to $6.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Identiv presently has an average rating of "Buy" and a consensus target price of $5.33.

Identiv Price Performance

The business's 50-day moving average is $3.48 and its two-hundred day moving average is $3.35. The firm has a market cap of $87.76 million, a P/E ratio of 1.22 and a beta of 1.40.

Identiv (NASDAQ:INVE - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.31) by $0.05. Identiv had a net margin of 308.59% and a negative return on equity of 13.75%. The company had revenue of $5.04 million during the quarter, compared to the consensus estimate of $5.10 million. Identiv has set its Q3 2025 guidance at EPS. Equities research analysts predict that Identiv, Inc. will post -1.11 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Cannell Capital LLC bought a new stake in shares of Identiv during the 2nd quarter worth about $1,979,000. Peapod Lane Capital LLC bought a new stake in shares of Identiv during the 1st quarter worth about $982,000. Boothbay Fund Management LLC boosted its holdings in shares of Identiv by 183.1% during the 4th quarter. Boothbay Fund Management LLC now owns 250,883 shares of the technology company's stock worth $918,000 after buying an additional 162,248 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Identiv by 94.0% during the 4th quarter. Renaissance Technologies LLC now owns 176,710 shares of the technology company's stock worth $647,000 after buying an additional 85,628 shares during the period. Finally, 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 worth $861,000 after buying an additional 85,020 shares during the period. Institutional investors own 65.16% of the company's stock.

Identiv Company Profile

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.