Identiv (NASDAQ:INVE) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Identiv from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Roth Capital initiated coverage on shares of Identiv in a research note on Wednesday, August 1st. They set a “buy” rating and a $9.00 price target on the stock. Lake Street Capital initiated coverage on shares of Identiv in a research note on Tuesday, September 4th. They set a “buy” rating and a $9.00 price target on the stock. Northland Securities reissued a “buy” rating and set a $10.00 price target on shares of Identiv in a research note on Sunday, August 12th. Finally, Maxim Group initiated coverage on shares of Identiv in a research note on Monday, July 9th. They set a “buy” rating and a $7.00 price target on the stock. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Identiv has a consensus rating of “Buy” and an average target price of $7.90.

INVE opened at $5.80 on Tuesday. Identiv has a 12 month low of $2.55 and a 12 month high of $6.70. The firm has a market cap of $91.51 million, a P/E ratio of -15.26 and a beta of 0.07. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.08.

Identiv (NASDAQ:INVE) last released its earnings results on Thursday, August 9th. The technology company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.06). Identiv had a negative return on equity of 28.82% and a negative net margin of 15.40%. The company had revenue of $20.29 million for the quarter, compared to analyst estimates of $17.31 million. As a group, research analysts forecast that Identiv will post -0.25 EPS for the current fiscal year.

An institutional investor recently raised its position in Identiv stock. BlackRock Inc. grew its position in Identiv Inc (NASDAQ:INVE) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 283,663 shares of the technology company’s stock after purchasing an additional 10,035 shares during the period. BlackRock Inc. owned about 1.87% of Identiv worth $1,098,000 at the end of the most recent reporting period. 29.67% of the stock is owned by institutional investors.

Identiv Company Profile

Identiv, Inc operates as a security technology company that secures and manages access to physical places, things, and information primarily in the Americas, Europe, the Middle-East, and the Asia-Pacific. Its Premises segment offers modular Hirsch MX controllers that allow customers to start with a small system and expand over time; Hirsch Velocity software platform for centralized management of access and security operations across an organization; federal identity, credential and acess management architecture, an access control system; TouchSecure door readers that provide various features to support security standards; and global services to support system design, deployment, and managed services across customers premises security lifecycle.

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