Identiv Inc (NASDAQ:INVE) has been given an average rating of “Buy” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.85.
INVE has been the subject of several recent research reports. Zacks Investment Research upgraded Identiv from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a report on Thursday, August 15th. National Securities initiated coverage on Identiv in a report on Tuesday, July 16th. They set a “buy” rating and a $8.00 price objective for the company. Northland Securities restated a “buy” rating on shares of Identiv in a report on Friday, August 9th. ValuEngine raised Identiv from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Imperial Capital lifted their target price on Identiv from $8.75 to $9.50 and gave the company a “positive” rating in a research report on Monday, August 12th.
Shares of NASDAQ INVE traded up $0.03 during midday trading on Friday, hitting $5.11. 569 shares of the stock traded hands, compared to its average volume of 28,042. The company has a market cap of $85.34 million, a PE ratio of -17.13 and a beta of 1.44. Identiv has a one year low of $3.34 and a one year high of $6.87. The business has a 50 day moving average price of $4.94 and a two-hundred day moving average price of $5.01. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.93 and a current ratio of 1.33.
Several large investors have recently made changes to their positions in the stock. River & Mercantile Asset Management LLP purchased a new position in shares of Identiv during the second quarter valued at approximately $3,205,000. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 2,701 shares during the last quarter. BlackRock Inc. boosted its position in shares of Identiv by 4.0% during the second quarter. BlackRock Inc. now owns 294,438 shares of the technology company’s stock valued at $1,508,000 after buying an additional 11,214 shares during the last quarter. Granite Investment Partners LLC purchased a new position in shares of Identiv during the first quarter valued at approximately $740,000. Finally, Deutsche Bank AG boosted its position 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 buying an additional 11,165 shares during the last quarter. 35.01% of the stock is currently owned by institutional investors.
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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