IMPINJ Inc (NASDAQ:PI) has been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, MarketBeat reports. Three 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. The average 12-month price target among brokers that have issued a report on the stock in the last year is $15.50.
Several brokerages have recently issued reports on PI. BidaskClub upgraded shares of IMPINJ from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 1st. Canaccord Genuity downgraded shares of IMPINJ from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $35.00 to $20.00 in a research note on Friday, February 2nd. Needham & Company LLC downgraded shares of IMPINJ from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. ValuEngine downgraded shares of IMPINJ from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Piper Jaffray Companies upgraded shares of IMPINJ from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 6th.
Shares of PI stock traded up $0.24 during mid-day trading on Friday, reaching $13.60. The company’s stock had a trading volume of 1,170,848 shares, compared to its average volume of 1,074,454. IMPINJ has a one year low of $9.95 and a one year high of $60.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.97 and a current ratio of 7.49. The firm has a market capitalization of $289.92, a P/E ratio of -16.19 and a beta of 1.87.
IMPINJ (NASDAQ:PI) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.28) EPS 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 company had revenue of $26.90 million for the quarter, compared to analyst estimates of $29.50 million. During the same quarter last year, the business earned $0.11 EPS. The company’s revenue for the quarter was down 20.2% on a year-over-year basis. sell-side analysts expect that IMPINJ will post -1.37 earnings per share for the current fiscal year.
In other news, EVP Jeffrey Dossett bought 8,000 shares of IMPINJ stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average cost of $12.75 per share, with a total value of $102,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Evan Fein sold 5,700 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $25.01, for a total value of $142,557.00. Following the completion of the transaction, the chief financial officer now directly owns 17,500 shares of the company’s stock, valued at $437,675. The disclosure for this sale can be found here. Company insiders own 15.20% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. bought a new position in shares of IMPINJ during the third quarter valued at $116,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of IMPINJ during the third quarter valued at $128,000. WealthTrust Arizona LLC bought a new position in shares of IMPINJ during the fourth quarter valued at $144,000. MetLife Investment Advisors LLC bought a new position in shares of IMPINJ during the fourth quarter valued at $193,000. Finally, Rainier Group Investment Advisory LLC bought a new position in shares of IMPINJ during the third quarter valued at $208,000. 80.46% of the stock is owned by hedge funds and other 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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