Identiv (NASDAQ:INVE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Identiv Inc. is a global security technology company. It provides trust solutions in the connected world, including premises, information and everyday items. The Company’s trust solutions are implemented using standards-driven products and technology, such as hardware, software, digital certificates, and mobility and cloud services. Its products are used in corporate employee identification cards, company email, information technology networks and facility access control, in national ID cards and passports, transport passes, banking and other uses. Identiv Group, Inc., formerly known as Identive Group, Inc., is headquartered in Fremont, California. “

Other research analysts have also issued research reports about the stock. Northland Securities restated a “buy” rating and issued a $10.00 price target on shares of Identiv in a research report on Sunday, August 12th. Maxim Group assumed coverage on shares of Identiv in a research report on Monday, July 9th. They issued a “buy” rating and a $7.00 price target on the stock. Lake Street Capital assumed coverage on shares of Identiv in a research report on Tuesday, September 4th. They issued a “buy” rating and a $9.00 price target on the stock. ValuEngine upgraded shares of Identiv from a “hold” rating to a “buy” rating in a research report on Tuesday, August 7th. Finally, Roth Capital assumed coverage on shares of Identiv in a research report on Wednesday, August 1st. They issued a “buy” rating and a $9.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $7.90.

Identiv stock opened at $6.07 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $87.67 million, a price-to-earnings ratio of -15.97 and a beta of 0.01. Identiv has a 1 year low of $2.55 and a 1 year high of $6.70.

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

An institutional investor recently raised its position in Identiv stock. BlackRock Inc. boosted its position in shares of Identiv Inc (NASDAQ:INVE) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 283,663 shares of the technology company’s stock after purchasing an additional 10,035 shares during the period. BlackRock Inc. owned 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 and hedge funds.

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.

Recommended Story: Tariff

Get a free copy of the Zacks research report on Identiv (INVE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.