Identiv Inc (NASDAQ:INVE) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 50,600 shares, a decrease of 9.5% from the August 30th total of 55,900 shares. Based on an average daily volume of 34,800 shares, the short-interest ratio is presently 1.5 days. Approximately 0.4% of the shares of the stock are sold short.

INVE opened at $4.78 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.33 and a debt-to-equity ratio of 0.14. The firm has a market cap of $79.44 million, a P/E ratio of -15.93 and a beta of 1.39. Identiv has a 52 week low of $3.34 and a 52 week high of $6.87. The business’s fifty day simple moving average is $4.96 and its 200 day simple moving average is $4.96.

Identiv (NASDAQ:INVE) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $22.24 million for the quarter, compared to analyst estimates of $22.76 million. Identiv had a negative return on equity of 0.41% and a negative net margin of 0.38%. During the same quarter last year, the company earned ($0.18) earnings per share.

Several analysts have weighed in on the company. Imperial Capital lowered their target price on Identiv from $9.50 to $9.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Northland Securities reaffirmed a “buy” rating on shares of Identiv in a research note on Friday, August 9th. Zacks Investment Research lowered Identiv from a “buy” rating to a “hold” rating in a research note on Tuesday. Maxim Group set a $9.00 price objective on Identiv and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, National Securities started coverage on Identiv in a research note on Tuesday, July 16th. They set a “buy” rating and a $8.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $8.29.

A number of large investors have recently modified their holdings of the business. River & Mercantile Asset Management LLP acquired a new stake in Identiv in the 2nd quarter worth about $3,205,000. Vanguard Group Inc. boosted its stake in Identiv by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 504,401 shares of the technology company’s stock worth $2,583,000 after buying an additional 2,701 shares during the last quarter. BlackRock Inc. boosted its stake in Identiv by 4.0% in the 2nd quarter. BlackRock Inc. now owns 294,438 shares of the technology company’s stock worth $1,508,000 after buying an additional 11,214 shares during the last quarter. Penbrook Management LLC acquired a new stake in Identiv in the 3rd quarter worth about $129,000. Finally, Morgan Stanley boosted its stake in Identiv by 707.3% in the 2nd quarter. Morgan Stanley now owns 16,994 shares of the technology company’s stock worth $87,000 after buying an additional 14,889 shares during the last quarter. 35.01% of the stock is currently owned by hedge funds and other institutional investors.

About Identiv

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.

Read More: What does a hold rating mean?

Receive News & Ratings for Identiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Identiv and related companies with MarketBeat.com's FREE daily email newsletter.