Recent Analysts’ Ratings Changes for IMPINJ (PI)

IMPINJ (NASDAQ: PI) has recently received a number of price target changes and ratings updates:

  • 7/31/2019 – IMPINJ was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 7/30/2019 – IMPINJ had its price target raised by analysts at Piper Jaffray Companies from $32.00 to $40.00. They now have an “overweight” rating on the stock.
  • 7/30/2019 – IMPINJ was upgraded by analysts at TheStreet from a “d” rating to a “c-” rating.
  • 7/30/2019 – IMPINJ had its price target raised by analysts at Roth Capital from $31.00 to $38.00. They now have a “buy” rating on the stock.
  • 7/30/2019 – IMPINJ had its price target raised by analysts at Canaccord Genuity from $35.00 to $39.00. They now have a “buy” rating on the stock.
  • 7/27/2019 – IMPINJ was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Impinj, Inc. is a provider of referral and information network radio frequency identification solutions to the retail, pharmaceutical, healthcare, food and beverage and other industries. The company’s products include Indy Reader Chips which consists of integrated radio chips and supporting SDKs; Monza Tag Chips, which deliver memory options and extended features to RFID tags and Speedway fixed RFID readers and antennas for RFID-based information. Impinj, Inc. is based in Seattle, Washington. “
  • 7/26/2019 – IMPINJ was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “Impinj, Inc. is a provider of referral and information network radio frequency identification solutions to the retail, pharmaceutical, healthcare, food and beverage and other industries. The company’s products include Indy Reader Chips which consists of integrated radio chips and supporting SDKs; Monza Tag Chips, which deliver memory options and extended features to RFID tags and Speedway fixed RFID readers and antennas for RFID-based information. Impinj, Inc. is based in Seattle, Washington. “
  • 7/19/2019 – IMPINJ was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Impinj, Inc. is a provider of referral and information network radio frequency identification solutions to the retail, pharmaceutical, healthcare, food and beverage and other industries. The company’s products include Indy Reader Chips which consists of integrated radio chips and supporting SDKs; Monza Tag Chips, which deliver memory options and extended features to RFID tags and Speedway fixed RFID readers and antennas for RFID-based information. Impinj, Inc. is based in Seattle, Washington. “
  • 7/18/2019 – IMPINJ was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock. According to Zacks, “Impinj, Inc. is a provider of referral and information network radio frequency identification solutions to the retail, pharmaceutical, healthcare, food and beverage and other industries. The company’s products include Indy Reader Chips which consists of integrated radio chips and supporting SDKs; Monza Tag Chips, which deliver memory options and extended features to RFID tags and Speedway fixed RFID readers and antennas for RFID-based information. Impinj, Inc. is based in Seattle, Washington. “
  • 7/3/2019 – IMPINJ was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Impinj, Inc. is a provider of referral and information network radio frequency identification solutions to the retail, pharmaceutical, healthcare, food and beverage and other industries. The company’s products include Indy Reader Chips which consists of integrated radio chips and supporting SDKs; Monza Tag Chips, which deliver memory options and extended features to RFID tags and Speedway fixed RFID readers and antennas for RFID-based information. Impinj, Inc. is based in Seattle, Washington. “
  • 7/2/2019 – IMPINJ was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/1/2019 – IMPINJ was upgraded by analysts at Dougherty & Co from a “neutral” rating to a “buy” rating.

PI opened at $38.01 on Wednesday. IMPINJ Inc has a fifty-two week low of $13.25 and a fifty-two week high of $40.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 5.95 and a quick ratio of 4.08. The business’s fifty day simple moving average is $34.28. The firm has a market capitalization of $827.14 million, a P/E ratio of -55.90 and a beta of 2.73.

IMPINJ (NASDAQ:PI) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.12. IMPINJ had a negative net margin of 17.31% and a negative return on equity of 7.65%. The firm had revenue of $38.19 million for the quarter, compared to the consensus estimate of $34.95 million. During the same quarter in the previous year, the company earned ($0.19) earnings per share. The business’s revenue was up 33.8% compared to the same quarter last year. On average, analysts forecast that IMPINJ Inc will post -0.44 earnings per share for the current fiscal year.

In other news, insider Eric Brodersen sold 5,000 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $25.52, for a total value of $127,600.00. Following the sale, the insider now owns 50,600 shares in the company, valued at approximately $1,291,312. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tom A. Alberg sold 35,714 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $37.54, for a total transaction of $1,340,703.56. Following the completion of the sale, the director now owns 78,782 shares in the company, valued at approximately $2,957,476.28. The disclosure for this sale can be found here. Insiders have sold 152,714 shares of company stock worth $5,104,804 in the last quarter. Corporate insiders own 26.00% of the company’s stock.

Several large investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new position in IMPINJ during the 2nd quarter worth about $34,000. Bank of Montreal Can acquired a new position in IMPINJ during the 2nd quarter worth about $36,000. Quantamental Technologies LLC acquired a new position in IMPINJ during the 1st quarter worth about $48,000. BNP Paribas Arbitrage SA lifted its position in IMPINJ by 48,471.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,400 shares of the company’s stock worth $57,000 after buying an additional 3,393 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its position in IMPINJ by 363.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,186 shares of the company’s stock worth $90,000 after buying an additional 4,852 shares in the last quarter. Institutional investors own 65.52% of the company’s stock.

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.

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