Identiv Inc (INVE) Stock Rating Reaffirmed by Imperial Capital
Identiv Inc (NASDAQ:INVE)‘s stock had its “in-line” rating reaffirmed by research analysts at Imperial Capital in a research note issued to investors on Monday. They currently have a $3.00 target price on the stock. Imperial Capital’s target price suggests a potential upside of 15.88% from the company’s previous close.
Separately, Zacks Investment Research upgraded shares of Identiv from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a report on Tuesday, August 16th.
Identiv (NASDAQ:INVE) traded up 1.59% during mid-day trading on Monday, reaching $2.63. 9,392 shares of the company’s stock were exchanged. The company has a 50-day moving average of $2.17 and a 200-day moving average of $2.13. The stock’s market cap is $28.81 million. Identiv has a 52-week low of $1.39 and a 52-week high of $3.26.
A hedge fund recently raised its stake in Identiv stock. Royce & Associates LP boosted its position in shares of Identiv Inc (NASDAQ:INVE) by 3.9% during the second quarter, according to its most recent Form 13F 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 as of its most recent SEC filing. Institutional investors own 13.17% of the company’s stock.
Identiv, Inc is a global security technology company. The Company operates through four segments: Physical access control systems (PACS), Identity, Credentials and All Other. PACS segment provides solutions and services that enable the issuance, management and use of secure identity credentials in diverse markets.
Receive News & Stock Ratings for Identiv Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Identiv Inc and related stocks with our FREE daily email newsletter.