Identiv Inc (NASDAQ:INVE) has been assigned an average rating of “Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $8.45.
Several equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Identiv from a “hold” rating to a “buy” rating and set a $7.25 price target on the stock in a report on Wednesday, November 14th. Lake Street Capital assumed coverage on shares of Identiv in a report on Tuesday, September 4th. They set a “buy” rating and a $9.00 price target on the stock. ValuEngine raised shares of Identiv from a “hold” rating to a “buy” rating in a report on Tuesday, August 7th. Roth Capital started coverage on shares of Identiv in a report on Wednesday, August 1st. They issued a “buy” rating and a $9.00 target price on the stock. Finally, Northland Securities reissued a “buy” rating and issued a $10.00 target price on shares of Identiv in a report on Sunday, August 12th.
Several hedge funds have recently added to or reduced their stakes in INVE. Dimensional Fund Advisors LP lifted its holdings in shares of Identiv by 107.6% in the third quarter. Dimensional Fund Advisors LP now owns 29,669 shares of the technology company’s stock worth $177,000 after buying an additional 15,378 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Identiv in the third quarter worth $205,000. BlackRock Inc. lifted its holdings in shares of Identiv by 3.7% in the second quarter. BlackRock Inc. now owns 283,663 shares of the technology company’s stock worth $1,098,000 after buying an additional 10,035 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Identiv by 20.7% in the third quarter. Renaissance Technologies LLC now owns 399,939 shares of the technology company’s stock worth $2,384,000 after buying an additional 68,676 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its holdings in shares of Identiv by 33.1% in the third quarter. Essex Investment Management Co. LLC now owns 592,660 shares of the technology company’s stock worth $3,532,000 after buying an additional 147,346 shares in the last quarter. 31.69% of the stock is currently owned by hedge funds and other institutional investors.
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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