In yesterday’s Wall Street session, Impinj Inc. (NASDAQ:PI) shares traded at $67.20, down -2.92% from the previous session.
8 analysts cover Impinj Inc. (NASDAQ:PI), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $110.00 and a low of $45.00, we find $100.00. Given the previous closing price of $69.22, this indicates a potential upside of 44.47 percent. PI stock price is now -27.84% away from the 50-day moving average and -39.58% away from the 200-day moving average. The market capitalization of the company currently stands at $1.85B.
The stock has received a hold rating from 0 analysts and a buy rating from 7. Brokers who have rated the stock have averaged $92.00 as their price target over the next twelve months.
With the price target of $45, BWS Financial recently initiated with Sell rating for Impinj Inc. (NASDAQ: PI).
In other news, DIORIO CHRIS PH.D., Chief Executive Officer sold 1,204 shares of the company’s stock on Jul 13. The stock was sold for $108,048 at an average price of $89.74. Upon completion of the transaction, the Chief Executive Officer now directly owns 299,396 shares in the company, valued at $20.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 13, Chief Revenue Officer DOSSETT JEFFREY sold 482 shares of the business’s stock. A total of $43,299 was realized by selling the stock at an average price of $89.83. This leaves the insider owning 41,810 shares of the company worth $2.81 million. Insiders disposed of 869,866 shares of company stock worth roughly $58.45 million over the past 1 year. A total of 1.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PI stock. A new stake in Impinj Inc. shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $7,056,000. EAGLE ASSET MANAGEMENT INC invested $6,359,000 in shares of PI during the first quarter. In the first quarter, POLAR ASSET MANAGEMENT PARTNERS INC. acquired a new stake in Impinj Inc. valued at approximately $6,324,000. EMERALD ADVISERS, LLC acquired a new stake in PI for approximately $4,419,000. CTF CAPITAL MANAGEMENT, LP purchased a new stake in PI valued at around $3,033,000 in the second quarter. In total, there are 343 active investors with 101.04% ownership of the company’s stock.
On Friday morning Impinj Inc. (NASDAQ: PI) stock kicked off with the opening price of $69.92. During the past 12 months, Impinj Inc. has had a low of $68.86 and a high of $144.90. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.60, and a quick ratio of 3.40. The fifty day moving average price for PI is $92.57 and a two-hundred day moving average price translates $111.14 for the stock.
The latest earnings results from Impinj Inc. (NASDAQ: PI) was released for Mar, 2023. According to the Communication Equipment Company, earnings per share came in at $0.33, beating analysts’ expectations of $0.31 by 0.02. This compares to -$0.45 EPS in the same period last year. The net profit margin was -5.10% and return on equity was -72.70% for PI. The company reported revenue of $85.99 million for the quarter, compared to $59.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.8 percent. For the current quarter, analysts expect PI to generate $64.75M in revenue.
Impinj Inc.(PI) Company Profile
Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform, which comprises multiple product families, wirelessly connects individual items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item. Its platform also consists of systems products that comprise reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enables its partners to deliver use cases, such as retail self-checkout and loss prevention, and warehouse pallet and package tracking to end-users. The company primarily serves retail, supply chain and logistics, aviation, automotive, healthcare, industrial and manufacturing, sports, consumer experience, food, datacenter, travel, banking, and linen and uniform tracking sectors through distributors, system integrators, value-added resellers, and software solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.
