IMPINJ Inc (NASDAQ:PI) – Analysts at Dougherty & Co issued their Q4 2018 EPS estimates for IMPINJ in a research report issued to clients and investors on Tuesday, October 30th. Dougherty & Co analyst C. Anderson forecasts that the company will post earnings per share of ($0.14) for the quarter.
IMPINJ (NASDAQ:PI) last released its quarterly earnings results on Monday, October 29th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. IMPINJ had a negative net margin of 33.58% and a negative return on equity of 20.18%. The company had revenue of $34.40 million for the quarter, compared to analyst estimates of $33.47 million. During the same period last year, the firm earned ($0.08) earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis.
Several other analysts have also commented on the stock. Zacks Investment Research raised shares of IMPINJ from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Wednesday, September 19th. Piper Jaffray Companies lifted their price objective on shares of IMPINJ from $26.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, September 13th. Finally, BidaskClub raised shares of IMPINJ from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $21.40.
PI opened at $22.35 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.87 and a current ratio of 5.49. IMPINJ has a fifty-two week low of $9.95 and a fifty-two week high of $28.48. The stock has a market cap of $399.42 million, a P/E ratio of -77.07 and a beta of 1.50.
A number of large investors have recently modified their holdings of PI. Benjamin F. Edwards & Company Inc. lifted its position in IMPINJ by 433.3% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,800 shares of the company’s stock valued at $119,000 after purchasing an additional 3,900 shares during the last quarter. SOL Capital Management CO bought a new stake in IMPINJ during the third quarter valued at approximately $202,000. Oppenheimer & Co. Inc. bought a new stake in IMPINJ during the second quarter valued at approximately $220,000. LPL Financial LLC lifted its position in IMPINJ by 72.6% during the first quarter. LPL Financial LLC now owns 21,914 shares of the company’s stock valued at $285,000 after purchasing an additional 9,214 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its position in IMPINJ by 108.0% during the first quarter. Guggenheim Capital LLC now owns 22,257 shares of the company’s stock valued at $290,000 after purchasing an additional 11,556 shares during the last quarter. 60.75% of the stock is owned by institutional investors.
IMPINJ Company Profile
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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