Dougherty & Co Weighs in on IMPINJ Inc’s FY2018 Earnings (PI)

IMPINJ Inc (NASDAQ:PI) – Stock analysts at Dougherty & Co upped their FY2018 EPS estimates for IMPINJ in a research note issued on Tuesday, October 30th. Dougherty & Co analyst C. Anderson now forecasts that the company will post earnings of ($1.11) per share for the year, up from their prior estimate of ($1.20). Dougherty & Co also issued estimates for IMPINJ’s FY2019 earnings at ($0.28) EPS.

A number of other research firms have also recently weighed in on PI. Piper Jaffray Companies boosted their target price on shares of IMPINJ from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, September 13th. BidaskClub raised shares of IMPINJ from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. Finally, Zacks Investment Research raised shares of IMPINJ from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Wednesday, September 19th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $21.40.

NASDAQ PI opened at $22.35 on Friday. The firm has a market cap of $399.42 million, a price-to-earnings ratio of -77.07 and a beta of 1.50. IMPINJ has a fifty-two week low of $9.95 and a fifty-two week high of $28.48. The company has a current ratio of 5.49, a quick ratio of 3.87 and a debt-to-equity ratio of 0.20.

IMPINJ (NASDAQ:PI) last posted its earnings results on Monday, October 29th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $34.40 million for the quarter, compared to analysts’ expectations of $33.47 million. IMPINJ had a negative net margin of 33.58% and a negative return on equity of 20.18%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.08) earnings per share.

Several large investors have recently modified their holdings of PI. Wells Fargo & Company MN lifted its position in shares of IMPINJ by 46.3% in the 1st quarter. Wells Fargo & Company MN now owns 45,798 shares of the company’s stock worth $596,000 after purchasing an additional 14,488 shares during the period. Dimensional Fund Advisors LP purchased a new position in IMPINJ during the 1st quarter valued at about $371,000. UBS Group AG lifted its position in IMPINJ by 28.9% during the 1st quarter. UBS Group AG now owns 237,949 shares of the company’s stock valued at $3,098,000 after acquiring an additional 53,309 shares during the period. LPL Financial LLC lifted its position in IMPINJ by 72.6% during the 1st quarter. LPL Financial LLC now owns 21,914 shares of the company’s stock valued at $285,000 after acquiring an additional 9,214 shares during the period. Finally, Guggenheim Capital LLC raised its holdings in IMPINJ by 108.0% in the first quarter. Guggenheim Capital LLC now owns 22,257 shares of the company’s stock worth $290,000 after buying an additional 11,556 shares during the last quarter. Institutional investors own 60.75% of the company’s stock.


Impinj, Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. The company's platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach-to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs.

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