Identiv Inc. (NASDAQ:INVE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The firm presently has a $3.00 price objective on the stock. Zacks Investment Research’s target price suggests a potential upside of 15.88% from the stock’s current price.

According to Zacks, “Identiv Inc. is a global security technology company. It provides trust solutions in the connected world, including premises, information and everyday items. The Company’s trust solutions are implemented using standards-driven products and technology, such as hardware, software, digital certificates, and mobility and cloud services. Its products are used in corporate employee identification cards, company email, information technology networks and facility access control, in national ID cards and passports, transport passes, banking and other uses. Identiv Group, Inc., formerly known as Identive Group, Inc., is headquartered in Fremont, California. “

Separately, Imperial Capital reissued an “in-line” rating and issued a $3.00 price objective on shares of Identiv in a report on Monday.

Identiv (NASDAQ:INVE) opened at 2.5888 on Monday. The stock’s market capitalization is $28.36 million. Identiv has a 12-month low of $1.39 and a 12-month high of $3.34. The company has a 50-day moving average price of $2.17 and a 200-day moving average price of $2.13.

A hedge fund recently raised its stake in Identiv stock. Royce & Associates LP raised its stake in shares of Identiv Inc. (NASDAQ:INVE) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 432,899 shares of the company’s stock after buying an additional 16,370 shares during the period. Royce & Associates LP owned 4.03% of Identiv worth $775,000 at the end of the most recent reporting period. 13.17% of the stock is owned by institutional investors.

Identiv Company Profile

Identiv, Inc, formerly Identive Group Inc, is a global security technology company. The Company provides trust solutions in the connected world, including premises, information and everyday items. The Company has four operational business segments: Premises, Identity, Credentials and All Other. The Company’s uTrust premises products offerings include MX controllers, Velocity management software and Touch Secure (TS) door readers.

5 Day Chart for NASDAQ:INVE

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