Shares of Identiv Inc (NASDAQ:INVE) have received a consensus recommendation of “Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $7.70.
Several equities research analysts have recently issued reports on INVE shares. Imperial Capital lowered their price objective on shares of Identiv from $9.50 to $9.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. ValuEngine cut shares of Identiv from a “buy” rating to a “hold” rating in a research note on Tuesday. Northland Securities reiterated a “buy” rating on shares of Identiv in a research note on Friday, August 9th. Zacks Investment Research raised shares of Identiv from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a report on Tuesday, November 12th. Finally, Roth Capital restated a “buy” rating on shares of Identiv in a research report on Monday, August 5th.
Shares of NASDAQ INVE traded down $0.14 during trading hours on Thursday, hitting $5.11. 1,188 shares of the company’s stock were exchanged, compared to its average volume of 59,980. The company’s 50-day moving average price is $4.97 and its 200-day moving average price is $4.95. Identiv has a 1-year low of $3.34 and a 1-year high of $6.38. The stock has a market capitalization of $91.72 million, a price-to-earnings ratio of -16.97 and a beta of 1.42. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 0.96.
Several hedge funds have recently made changes to their positions in the business. Millennium Management LLC bought a new stake in shares of Identiv in the 3rd quarter worth approximately $67,000. Penbrook Management LLC bought a new stake in shares of Identiv during the third quarter valued at approximately $129,000. River & Mercantile Asset Management LLP bought a new stake in shares of Identiv during the second quarter valued at approximately $3,205,000. Morgan Stanley increased its position in shares of Identiv by 707.3% during the second quarter. Morgan Stanley now owns 16,994 shares of the technology company’s stock valued at $87,000 after purchasing an additional 14,889 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Identiv by 0.5% in 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. Institutional investors own 21.42% of the company’s stock.
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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