Identiv (NASDAQ:INVE) Rating Increased to Hold at Wall Street Zen

Key Points

• Identiv was upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, indicating a more stable outlook for the company.
• Multiple analysts have set a target price of around $5.00 for Identiv, with an average rating of "Buy" based on several recent reports.
• Despite a quarterly loss of ($0.26) EPS, Identiv exceeded consensus estimates and reported revenues of $5.04 million, though slightly below expectations.

Identiv (NASDAQ:INVE - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other research firms also recently weighed in on INVE. B. Riley decreased their target price on Identiv from $6.50 to $6.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Craig Hallum reissued a "buy" rating and issued a $5.00 price objective on shares of Identiv in a research note on Friday, August 8th. Finally, Lake Street Capital lowered their target price on shares of Identiv from $6.00 to $5.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $5.33.

Identiv Stock Up 0.5%

Shares of NASDAQ INVE traded up $0.02 during trading on Friday, hitting $3.75. The company had a trading volume of 18,368 shares, compared to its average volume of 45,308. The firm has a market capitalization of $88.95 million, a price-to-earnings ratio of 1.23 and a beta of 1.35. The stock has a fifty day simple moving average of $3.53 and a two-hundred day simple moving average of $3.36. Identiv has a fifty-two week low of $2.86 and a fifty-two week high of $4.29.

Identiv (NASDAQ:INVE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.05. The firm had revenue of $5.04 million during the quarter, compared to the consensus estimate 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. On average, analysts anticipate that Identiv will post -1.11 earnings per share for the current year.

Hedge Funds Weigh In On Identiv

A number of institutional investors have recently bought and sold shares of the company. Cannell Capital LLC purchased a new position in Identiv in the second quarter worth approximately $1,979,000. Boothbay Fund Management LLC lifted its stake in Identiv by 27.6% during the second quarter. Boothbay Fund Management LLC now owns 373,408 shares of the technology company's stock worth $1,217,000 after purchasing an additional 80,678 shares in the last quarter. Peapod Lane Capital LLC purchased a new stake in shares of Identiv in the 1st quarter valued at $982,000. Dimensional Fund Advisors LP increased its stake in Identiv by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 282,303 shares of the technology company's stock worth $1,033,000 after purchasing an additional 5,844 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Identiv by 56.6% in 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 in the last quarter. 65.16% of the stock is owned by hedge funds and other institutional investors.

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.