Short Interest in Identiv, Inc. (NASDAQ:INVE) Increases By 105.3%

Identiv, Inc. (NASDAQ:INVE) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 264,000 shares, an increase of 105.3% from the August 31st total of 128,600 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 61,500 shares, the days-to-cover ratio is presently 4.3 days. Based on an average daily volume of 61,500 shares, the days-to-cover ratio is presently 4.3 days. Currently, 1.4% of the company’s shares are sold short.

Institutional Investors Weigh In On Identiv

Hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new position in Identiv during the 2nd quarter worth approximately $38,000. Jane Street Group LLC acquired a new stake in Identiv in the fourth quarter valued at $54,000. Goldman Sachs Group Inc. grew its holdings in Identiv by 56.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 49,295 shares of the technology company’s stock valued at $157,000 after buying an additional 17,811 shares during the last quarter. Millennium Management LLC grew its stake in Identiv by 56.6% in the 4th quarter. Millennium Management LLC now owns 235,254 shares of the technology company’s stock worth $861,000 after acquiring an additional 85,020 shares during the period. Finally, Peapod Lane Capital LLC purchased a new position in shares of Identiv in the 1st quarter worth $982,000. Institutional investors and hedge funds own 65.16% of the company’s stock.

Identiv Trading Up 3.6%

Shares of INVE stock opened at $3.71 on Monday. The stock has a market cap of $88.01 million, a price-to-earnings ratio of 1.22 and a beta of 1.36. Identiv has a twelve month low of $2.86 and a twelve month high of $4.29. The company’s 50-day moving average price is $3.63 and its 200-day moving average price is $3.39.

Identiv (NASDAQ:INVE) last posted its earnings results on Thursday, August 7th. The technology company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.05. The company had revenue of $5.04 million for the quarter, compared to analysts’ expectations of $5.10 million. Identiv had a net margin of 308.59% and a negative return on equity of 13.75%. Identiv has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Identiv will post -1.11 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on INVE. Weiss Ratings restated a “sell (d+)” rating on shares of Identiv in a report on Saturday, September 27th. Wall Street Zen raised shares of Identiv from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Craig Hallum restated a “buy” rating and set a $5.00 target price on shares of Identiv in a research note on Friday, August 8th. Finally, B. Riley dropped their price objective on shares of Identiv from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.33.

About Identiv

Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.