IMPINJ Inc (NASDAQ:PI) EVP Jeffrey Dossett bought 8,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was bought at an average price of $12.75 per share, for a total transaction of $102,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of IMPINJ Inc (NASDAQ:PI) traded up $0.09 during trading on Thursday, reaching $12.15. The company had a trading volume of 1,653,600 shares, compared to its average volume of 1,345,254. The company has a market capitalization of $252.83, a price-to-earnings ratio of -15.12 and a beta of -1.69. IMPINJ Inc has a 1-year low of $9.95 and a 1-year 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.
IMPINJ (NASDAQ:PI) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.09). The business had revenue of $26.90 million for the quarter, compared to the consensus estimate of $29.50 million. IMPINJ had a negative return on equity of 5.93% and a negative net margin of 13.82%. The business’s revenue was down 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share. research analysts anticipate that IMPINJ Inc will post -1.21 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of PI. Schwab Charles Investment Management Inc. lifted its holdings in IMPINJ by 216.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 30,100 shares of the company’s stock worth $1,465,000 after acquiring an additional 20,600 shares during the period. Wells Fargo & Company MN increased its position in IMPINJ by 137.8% in the second quarter. Wells Fargo & Company MN now owns 17,098 shares of the company’s stock worth $832,000 after buying an additional 9,909 shares during the last quarter. Teachers Advisors LLC increased its position in IMPINJ by 174.2% in the second quarter. Teachers Advisors LLC now owns 32,599 shares of the company’s stock worth $1,586,000 after buying an additional 20,709 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in IMPINJ by 177.6% in the second quarter. TIAA CREF Investment Management LLC now owns 48,658 shares of the company’s stock worth $2,367,000 after buying an additional 31,133 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in IMPINJ in the second quarter worth $1,228,000. Institutional investors and hedge funds own 74.84% of the company’s stock.
A number of research analysts have recently weighed in on the company. Canaccord Genuity restated a “hold” rating on shares of IMPINJ in a report on Friday, February 16th. Piper Jaffray Companies upgraded IMPINJ from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 6th. Morgan Stanley dropped their target price on IMPINJ from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, February 5th. Dougherty & Co lowered IMPINJ from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Finally, Needham & Company LLC lowered IMPINJ from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.29.
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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