IMPINJ Inc (NASDAQ:PI) has received an average recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $23.33.
A number of research firms have issued reports on PI. Zacks Investment Research lowered IMPINJ from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. BidaskClub raised IMPINJ from a “sell” rating to a “hold” rating in a research report on Saturday, January 12th. Dougherty & Co reaffirmed a “neutral” rating on shares of IMPINJ in a research report on Thursday, February 21st. Finally, ValuEngine lowered IMPINJ from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd.
In other IMPINJ news, CEO Chris Ph.D. Diorio sold 10,000 shares of the stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the sale, the chief executive officer now owns 335,478 shares of the company’s stock, valued at approximately $6,709,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 26.00% of the stock is owned by company insiders.
PI traded up $0.05 during mid-day trading on Friday, hitting $19.82. 227,783 shares of the stock were exchanged, compared to its average volume of 146,538. IMPINJ has a 1-year low of $11.57 and a 1-year high of $28.48. The company has a current ratio of 5.26, a quick ratio of 3.32 and a debt-to-equity ratio of 0.19. The firm has a market cap of $426.01 million, a price-to-earnings ratio of -29.15 and a beta of 2.25.
IMPINJ (NASDAQ:PI) last posted its earnings results on Wednesday, February 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.05. IMPINJ had a negative return on equity of 17.42% and a negative net margin of 28.73%. The firm had revenue of $34.60 million for the quarter, compared to analyst estimates of $32.00 million. During the same quarter in the prior year, the company earned ($0.28) EPS. IMPINJ’s revenue was up 28.6% on a year-over-year basis. On average, research analysts forecast that IMPINJ will post -0.66 earnings per share for the current year.
IMPINJ Company Profile
Impinj, Inc operates a platform that enables wireless connectivity for everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. Its integrated platform connects everyday items to applications, delivering real-time information to businesses about items they create, manage, transport, and sell.
Read More: What are the benefits of a balanced fund?
Receive News & Ratings for IMPINJ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMPINJ and related companies with MarketBeat.com's FREE daily email newsletter.