Identiv (NASDAQ:INVE) Shares Cross Above 200-Day Moving Average - Here's Why

Key Points

• Identiv's stock (NASDAQ:INVE) has recently crossed above its two hundred-day moving average of $3.34, trading as high as $3.71 before closing at $3.54 with a volume of 31,332 shares.
• Analysts have set new price targets for Identiv, with Lake Street Capital lowering their target from $6.00 to $5.00 while maintaining a "buy" rating.
• Identiv reported a quarterly EPS of ($0.26), which beat expectations, but its revenue of $5.04 million fell slightly short of analyst predictions of $5.10 million.

Identiv, Inc. (NASDAQ:INVE - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.34 and traded as high as $3.71. Identiv shares last traded at $3.54, with a volume of 31,332 shares.

Wall Street Analyst Weigh In

Several brokerages have commented on INVE. Lake Street Capital lowered their price objective on shares of Identiv from $6.00 to $5.00 and set a "buy" rating for the company in a report on Thursday, May 8th. B. Riley lowered their target price 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. Finally, Craig Hallum reissued a "buy" rating and set a $5.00 price target on shares of Identiv in a research report on Friday, August 8th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $5.33.

Identiv Trading Down 3.0%

The business's 50 day moving average is $3.42 and its two-hundred day moving average is $3.35. The company has a market cap of $83.49 million, a PE ratio of 1.16 and a beta of 1.40.

Identiv (NASDAQ:INVE - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.05. The business had revenue of $5.04 million for the quarter, compared to analysts' expectations 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. As a group, equities research analysts predict that Identiv, Inc. will post -1.11 EPS for the current fiscal year.

Institutional Trading of Identiv

Several hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in shares of Identiv during the 4th quarter valued at about $54,000. Dimensional Fund Advisors LP grew its stake in Identiv by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 282,303 shares of the technology company's stock worth $1,033,000 after acquiring an additional 5,844 shares in the last quarter. Raymond James Financial Inc. bought a new position in Identiv in the 4th quarter worth about $37,000. Boothbay Fund Management LLC boosted its stake in shares of Identiv by 183.1% during the fourth quarter. Boothbay Fund Management LLC now owns 250,883 shares of the technology company's stock valued at $918,000 after purchasing an additional 162,248 shares in the last quarter. Finally, Peapod Lane Capital LLC bought a new position in shares of Identiv during the first quarter valued at approximately $982,000. Hedge funds and other 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.