IMPINJ Inc (NASDAQ:PI) EVP Jeffrey Dossett bought 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average price of $12.75 per share, with a total value of $102,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
IMPINJ Inc (NASDAQ:PI) opened at $12.54 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.49 and a quick ratio of 4.97. IMPINJ Inc has a twelve month low of $9.95 and a twelve month high of $60.85.
IMPINJ (NASDAQ:PI) last released its earnings results on Thursday, February 15th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.09). IMPINJ had a negative return on equity of 5.93% and a negative net margin of 13.82%. The company had revenue of $26.90 million during the quarter, compared to analysts’ expectations of $29.50 million. During the same period in the prior year, the company posted $0.11 earnings per share. The company’s revenue was down 20.2% on a year-over-year basis. analysts predict that IMPINJ Inc will post -1.37 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in shares of IMPINJ by 66.5% in the third quarter. Wells Fargo & Company MN now owns 28,463 shares of the company’s stock worth $1,184,000 after acquiring an additional 11,365 shares during the last quarter. Pier 88 Investment Partners LLC grew its stake in shares of IMPINJ by 98.0% in the third quarter. Pier 88 Investment Partners LLC now owns 7,678 shares of the company’s stock worth $319,000 after acquiring an additional 3,800 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of IMPINJ in the third quarter worth $1,453,000. Voya Investment Management LLC purchased a new stake in shares of IMPINJ in the second quarter worth $406,000. Finally, Stifel Financial Corp purchased a new stake in shares of IMPINJ in the third quarter worth $269,000. 74.84% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on PI. Canaccord Genuity reiterated a “hold” rating on shares of IMPINJ in a report on Friday, February 16th. Zacks Investment Research downgraded IMPINJ from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Piper Jaffray Companies downgraded IMPINJ from an “overweight” rating to a “neutral” rating in a report on Thursday, November 2nd. Needham & Company LLC downgraded IMPINJ from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, BidaskClub downgraded IMPINJ from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. IMPINJ currently has an average rating of “Hold” and an average target price of $26.29.
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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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