Identiv Inc (NASDAQ:INVE) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.03 and traded as high as $4.92. Identiv shares last traded at $4.86, with a volume of 164 shares traded.
INVE has been the topic of several analyst reports. Maxim Group set a $9.00 target price on Identiv and gave the stock a “buy” rating in a research report on Friday, August 9th. Northland Securities reissued a “buy” rating on shares of Identiv in a report on Friday, August 9th. ValuEngine lowered shares of Identiv from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Zacks Investment Research upgraded shares of Identiv from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a research report on Thursday, August 15th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Identiv in a report on Monday, August 5th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $8.38.
The firm has a market capitalization of $80.61 million, a P/E ratio of -16.67 and a beta of 1.44. The business’s 50 day moving average is $4.91 and its two-hundred day moving average is $5.03. The company has a quick ratio of 0.93, a current ratio of 1.33 and a debt-to-equity ratio of 0.14.
In other news, CEO Steven Humphreys acquired 10,000 shares of Identiv stock in a transaction on Friday, June 14th. The stock was bought at an average cost of $4.97 per share, with a total value of $49,700.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.90% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG raised its holdings in shares of Identiv by 30.8% during the fourth quarter. Deutsche Bank AG now owns 47,380 shares of the technology company’s stock valued at $170,000 after acquiring an additional 11,165 shares during the period. Hollencrest Capital Management lifted its position in shares of Identiv by 7.7% in the first quarter. Hollencrest Capital Management now owns 42,105 shares of the technology company’s stock worth $212,000 after purchasing an additional 3,000 shares in the last quarter. Granite Investment Partners LLC acquired a new stake in shares of Identiv during the first quarter worth approximately $740,000. BlackRock Inc. boosted its holdings in shares of Identiv by 4.0% during the second quarter. BlackRock Inc. now owns 294,438 shares of the technology company’s stock worth $1,508,000 after purchasing an additional 11,214 shares during the period. Finally, Vanguard Group Inc. grew its position in Identiv by 0.5% during the second quarter. Vanguard Group Inc. now owns 504,401 shares of the technology company’s stock valued at $2,583,000 after purchasing an additional 2,701 shares in the last quarter. 35.01% of the stock is currently owned by institutional investors and hedge funds.
About Identiv (NASDAQ:INVE)
Identiv, Inc operates as a security technology company that secures and manages access to physical places, things, and information primarily in the Americas, Europe, the Middle-East, and the Asia-Pacific. Its Premises segment offers modular Hirsch MX controllers that allow customers to start with a small system and expand over time; Hirsch Velocity software platform for centralized management of access and security operations across an organization; federal identity, credential and acess management architecture, an access control system; TouchSecure door readers that provide various features to support security standards; and global services to support system design, deployment, and managed services across customers premises security lifecycle.
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