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Zacks Investment Research downgraded Identiv Inc (NASDAQ:INVE) to Hold in a report released today.

Zacks Investment Research has downgraded Identiv Inc (NASDAQ:INVE) to Hold in a report released on Wednesday October 12, 2016.

Previously on 8/16/2016, Zacks Investment Research reported about Identiv Inc (NASDAQ:INVE) raised the target price from $0.00 to $2.50. At the time, this indicated a possible upside of 0.23%.

Yesterday Identiv Inc (NASDAQ:INVE) traded 0.47% higher at $2.12. The company’s 50-day moving average is $2.13 and its 200-day moving average is $2.14. The last stock close price is down -0.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 16,586 shares of the stock were exchanged, down from an average trading volume of 31,492

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Identiv Inc (NASDAQ:INVE)

Identiv Inc has a 52 week low of $1.39 and a 52 week high of $3.80 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 2 firms have reported on the stock. The consensus target price is $4.50 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Identiv Inc (NASDAQ:INVE)

Identiv, Inc. is a global security technology company. The Company operates through four segments: Physical access control systems (PACS), Identity, Credentials and All Other. PACS segment provides solutions and services that enable the issuance, management and use of secure identity credentials in diverse markets. PACS business offers Hirsch line of controllers, including the advanced MX line, Hirsch's Velocity management software and its Identiv connected physical access manager software, EDGE controller and reader package. Identity segment offers products to secure enterprise information, including login and printers through delivery of smart card reader products and identity management through its idOnDemand service. Credentials segment offers access cards, radio frequency identification (RFID) and near field communication products, including cards, labels, tags and stickers, as well as RF components. All Other segment includes products, such as Chipdrive and Digital Media readers.

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