Identiv (NASDAQ:INVE) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Identiv, Inc. (NASDAQ:INVE) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.52 and traded as high as $4.00. Identiv shares last traded at $3.88, with a volume of 379,583 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Identiv in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $5.33.

Identiv Price Performance

The company has a market cap of $92.93 million, a PE ratio of -4.97 and a beta of 1.23. The company has a 50-day moving average price of $3.47 and a two-hundred day moving average price of $3.52.

Identiv (NASDAQ:INVE) last announced its earnings results on Thursday, March 12th. The technology company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.01. Identiv had a negative return on equity of 12.39% and a negative net margin of 83.80%.The business had revenue of $6.17 million for the quarter, compared to the consensus estimate of $5.65 million. On average, equities research analysts anticipate that Identiv, Inc. will post -0.58 earnings per share for the current year.

Institutional Investors Weigh In On Identiv

A number of large investors have recently added to or reduced their stakes in INVE. Prelude Capital Management LLC boosted its position in Identiv by 0.6% in the 3rd quarter. Prelude Capital Management LLC now owns 617,481 shares of the technology company’s stock valued at $2,130,000 after buying an additional 3,623 shares during the last quarter. Cannell Capital LLC increased its position in shares of Identiv by 0.6% during the third quarter. Cannell Capital LLC now owns 610,855 shares of the technology company’s stock worth $2,107,000 after acquiring an additional 3,723 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Identiv in the second quarter worth about $38,000. Essex Investment Management Co. LLC lifted its stake in shares of Identiv by 3.3% in the third quarter. Essex Investment Management Co. LLC now owns 412,145 shares of the technology company’s stock worth $1,422,000 after acquiring an additional 13,012 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new position in Identiv in the third quarter valued at about $45,000. 65.16% of the stock is owned by institutional investors and hedge funds.

About Identiv

Identiv, Inc (NASDAQ: INVE) is a global provider of physical security and secure identification solutions, delivering hardware and software platforms that protect people, property and assets. Founded in 1969 through the establishment of Hirsch Electronics and later rebranded as Identiv in 2008, the company has evolved to address the convergence of physical and digital security in an increasingly connected world.

The company’s product portfolio spans RFID and NFC reader modules, smart card and credential technologies, access control hardware, secure IoT connectivity, and contactless identification solutions.