Shares of Identiv Inc (NASDAQ:INVE) have been assigned an average rating of “Buy” from the six brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $8.75.
Several analysts have issued reports on INVE shares. Zacks Investment Research lowered shares of Identiv from a “buy” rating to a “hold” rating in a research report on Saturday, June 30th. Maxim Group started coverage on shares of Identiv in a research report on Monday, July 9th. They issued a “buy” rating and a $7.00 price target on the stock. Roth Capital started coverage on shares of Identiv in a research report on Wednesday, August 1st. They issued a “buy” rating and a $9.00 price target on the stock. ValuEngine upgraded shares of Identiv from a “hold” rating to a “buy” rating in a research report on Tuesday, August 7th. Finally, Northland Securities restated a “buy” rating and issued a $10.00 price target on shares of Identiv in a research report on Sunday, August 12th.
NASDAQ:INVE opened at $5.87 on Wednesday. Identiv has a 1 year low of $2.55 and a 1 year high of $6.70. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $89.44 million, a P/E ratio of -15.45 and a beta of 0.07.
A hedge fund recently raised its stake in Identiv stock. BlackRock Inc. grew its stake in Identiv Inc (NASDAQ:INVE) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,663 shares of the technology company’s stock after purchasing an additional 10,035 shares during the period. BlackRock Inc. owned about 1.87% of Identiv worth $1,098,000 as of its most recent SEC filing. 30.63% of the stock is owned by hedge funds and other 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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