Impinj, Inc. (NASDAQ: PI – Get a rating) has been assigned an average “Buy” rating by the twelve brokerages that currently cover the company, reports Marketbeat Ratings. One research analyst has rated the stock with a sell rating and seven have assigned the company a buy rating. The 12-month average price target among analysts who have reported on the stock over the past year is $87.73.

A number of stock analysts have recently released reports on PI stocks. Lake Street Capital reduced its price target on Impinj from $100.00 to $87.00 in a Thursday, April 28 report. Roth Capital reduced its target price on Impinj from $95.00 to $76.00 in a Thursday, April 28 research report. Goldman Sachs Group reduced its price target on Impinj from $102.00 to $90.00 and set a “buy” rating for the company in a Monday, March 28 research report. StockNews.com began covering Impinj in a research report on Thursday, March 31. They issued a “sell” rating for the company. To finish, Zacks Investment Research upgraded Impinj from a “hold” rating to a “buy” rating and set a target price of $59.00 for the company in a Thursday, May 5 research report.

Impinj shares opened at $49.93 on Tuesday. Impinj has a 52-week low of $39.69 and a 52-week high of $94.39. The stock has a 50-day moving average price of $50.16 and a two-hundred-day moving average price of $66.78. The stock has a market capitalization of $1.27 billion, a PE ratio of -23.44 and a beta of 2.40.

Impinj (NASDAQ:PI – Get a rating) last reported quarterly earnings data on Wednesday, April 27. The company reported EPS of $0.09 for the quarter, beating analyst consensus estimates of ($0.49) by $0.58. Impinj had a negative return on equity of 89.38% and a negative net margin of 26.39%. During the same period of the previous year, the company made ($0.30) earnings per share. As a group, analysts expect Impinj to post -1.48 earnings per share for the current fiscal year.

In related news, CFO Cary Baker sold 1,448 shares of Impinj in a trade dated Wednesday, April 13. The stock was sold at an average price of $52.38, for a total value of $75,846.24. Following the completion of the transaction, the CFO now owns 34,374 shares of the company, valued at $1,800,510.12. The transaction was disclosed in an SEC filing, available at this hyperlink. Additionally, COO Hussein Mecklai sold 473 shares of Impinj in a trade dated Wednesday, March 16. The stock was sold at an average price of $60.68, for a total value of $28,701.64. Disclosure of this sale can be found here. Insiders sold 15,737 shares of the company worth $837,764 in the past ninety days. Insiders hold 20.20% of the shares of the company.

Major investors have recently changed their positions in the company. Advisors Asset Management Inc. bought a new position in Impinj stock during the first quarter worth approximately $39,000. Future Financial Wealth Management LLC bought a new position in Impinj stock during the fourth quarter worth approximately $44,000. Quantbot Technologies LP purchased a new stake in Impinj stock in the first quarter worth approximately $101,000. Benjamin F. Edwards & Company Inc. increased its holdings of Impinj shares by 49.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,171 shares of the company valued at $138,000 after purchasing an additional 722 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Impinj shares by 35.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,434 shares of the company valued at $155,000 after purchasing an additional 643 shares during the period. Institutional investors and hedge funds hold 88.00% of the company’s shares.

Impinj Company Profile (Get a rating)

Impinj, Inc operates a cloud connectivity platform in the Americas, Asia-Pacific, Europe, Middle East and Africa. Its platform, which includes multiple product families, wirelessly connects individual items and provides connected item data to professional and consumer applications. The company’s platform includes endpoint ICs, an on-chip miniature radio that attaches to a host item and includes a number to identify the item.

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