Identiv (NASDAQ:INVE) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of Identiv, Inc. (NASDAQ:INVE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.50 and traded as high as $3.79. Identiv shares last traded at $3.58, with a volume of 178,666 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Identiv in a research note on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Identiv has a consensus rating of “Moderate Buy” and an average price target of $5.33.

Identiv Trading Down 0.3%

The stock has a market capitalization of $88.38 million, a P/E ratio of -4.73 and a beta of 1.23. The business’s fifty day simple moving average is $3.34 and its two-hundred day simple moving average is $3.50.

Identiv (NASDAQ:INVE) last posted its quarterly earnings data on Thursday, March 12th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.01. The company had revenue of $6.17 million for the quarter, compared to the consensus estimate of $5.65 million. Identiv had a negative net margin of 83.80% and a negative return on equity of 12.39%. On average, equities research analysts anticipate that Identiv, Inc. will post -1.11 earnings per share for the current year.

Hedge Funds Weigh In On Identiv

Large investors have recently added to or reduced their stakes in the company. Prelude Capital Management LLC boosted its stake 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 in the last quarter. Cannell Capital LLC lifted its holdings 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 valued at $2,107,000 after acquiring an additional 3,723 shares during the period. XTX Topco Ltd bought a new position in shares of Identiv during the second quarter valued at $38,000. Essex Investment Management Co. LLC boosted its stake in shares of Identiv by 3.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 412,145 shares of the technology company’s stock valued at $1,422,000 after purchasing an additional 13,012 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new stake in shares of Identiv in the 3rd quarter worth about $45,000. Institutional investors and hedge funds own 65.16% of the company’s stock.

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.