Shares of IMPINJ Inc (NASDAQ:PI) have received an average recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $15.50.
Several equities research analysts recently weighed in on the stock. Dougherty & Co reduced their price target on shares of IMPINJ from $62.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Morgan Stanley reduced their price target on shares of IMPINJ from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, February 5th. Canaccord Genuity restated a “hold” rating on shares of IMPINJ in a research report on Friday, February 16th. Needham & Company LLC cut shares of IMPINJ from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, ValuEngine cut shares of IMPINJ from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.
IMPINJ (NASDAQ PI) traded up $0.09 during trading on Wednesday, hitting $12.15. 1,650,000 shares of the stock traded hands, compared to its average volume of 1,490,000. The company has a market capitalization of $254.64 and a PE ratio of -14.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.97 and a current ratio of 7.49. IMPINJ has a 52-week low of $9.95 and a 52-week high of $60.85.
IMPINJ (NASDAQ:PI) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.09). The company had revenue of $26.90 million for the quarter, compared to the consensus estimate of $29.50 million. IMPINJ had a negative net margin of 13.82% and a negative return on equity of 5.93%. The company’s quarterly revenue was down 20.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. sell-side analysts expect that IMPINJ will post -1.13 earnings per share for the current fiscal year.
In other IMPINJ news, CFO Evan Fein sold 5,700 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $25.01, for a total transaction of $142,557.00. Following the transaction, the chief financial officer now owns 17,500 shares in the company, valued at $437,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 15.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Sylebra HK Co Ltd boosted its stake in shares of IMPINJ by 32.8% during the fourth quarter. Sylebra HK Co Ltd now owns 3,899,063 shares of the company’s stock valued at $87,846,000 after purchasing an additional 962,212 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of IMPINJ by 4.0% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,191,393 shares of the company’s stock valued at $91,184,000 after purchasing an additional 84,514 shares during the period. BlackRock Inc. boosted its stake in shares of IMPINJ by 0.4% during the fourth quarter. BlackRock Inc. now owns 1,149,501 shares of the company’s stock valued at $25,898,000 after purchasing an additional 4,263 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of IMPINJ by 661.1% during the third quarter. Allianz Asset Management GmbH now owns 775,896 shares of the company’s stock valued at $32,285,000 after purchasing an additional 673,948 shares during the period. Finally, Hood River Capital Management LLC boosted its stake in shares of IMPINJ by 1.1% during the third quarter. Hood River Capital Management LLC now owns 739,823 shares of the company’s stock valued at $30,784,000 after purchasing an additional 7,858 shares during the period. Institutional investors and hedge funds own 74.84% of the company’s stock.
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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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