IMPINJ (NASDAQ:PI)‘s stock had its “hold” rating reiterated by Canaccord Genuity in a research report issued on Friday.
A number of other equities analysts have also recently commented on the stock. Piper Jaffray Companies raised shares of IMPINJ from a “neutral” rating to an “overweight” rating in a research report on Tuesday, February 6th. Morgan Stanley reduced their price objective on shares of IMPINJ from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, February 5th. Dougherty & Co cut shares of IMPINJ from a “buy” rating to a “neutral” rating in a research report on Friday, February 2nd. Needham & Company LLC cut shares of IMPINJ from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada cut shares of IMPINJ from an “outperform” rating to a “sector perform” rating and set a $17.00 price objective for the company. in a research report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. IMPINJ currently has an average rating of “Hold” and an average price target of $26.29.
IMPINJ (NASDAQ:PI) opened at $11.07 on Friday. IMPINJ has a 52 week low of $9.95 and a 52 week high of $60.85. The company has a quick ratio of 4.97, a current ratio of 7.49 and a debt-to-equity ratio of 0.06. The firm has a market cap of $191.24 and a price-to-earnings ratio of -13.34.
IMPINJ (NASDAQ:PI) last released its earnings results on Thursday, February 15th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.09). IMPINJ had a negative net margin of 13.82% and a negative return on equity of 5.93%. The firm had revenue of $26.90 million during the quarter, compared to the consensus estimate of $29.50 million. During the same period in the prior year, the business posted $0.11 earnings per share. IMPINJ’s quarterly revenue was down 20.2% compared to the same quarter last year. research analysts anticipate that IMPINJ will post -1.13 EPS for the current fiscal year.
In other news, CFO Evan Fein sold 5,700 shares of IMPINJ stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $25.01, for a total transaction of $142,557.00. Following the completion of the sale, the chief financial officer now owns 17,500 shares of the company’s stock, valued at $437,675. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 15.20% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. acquired a new stake in shares of IMPINJ during the third quarter worth $116,000. Cornerstone Capital Management Holdings LLC. acquired a new position in IMPINJ in the third quarter valued at about $128,000. PNC Financial Services Group Inc. raised its stake in IMPINJ by 95.1% in the second quarter. PNC Financial Services Group Inc. now owns 3,621 shares of the company’s stock valued at $176,000 after purchasing an additional 1,765 shares in the last quarter. Citigroup Inc. raised its stake in IMPINJ by 1,144.7% in the second quarter. Citigroup Inc. now owns 4,095 shares of the company’s stock valued at $199,000 after purchasing an additional 3,766 shares in the last quarter. Finally, Rainier Group Investment Advisory LLC acquired a new position in IMPINJ in the third quarter valued at about $208,000. 79.29% of the stock is owned by institutional investors.
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IMPINJ Company Profile
Impinj, Inc is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads.
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