IMPINJ (NASDAQ:PI) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.
PI has been the subject of several other reports. Piper Jaffray Companies boosted their target price on shares of IMPINJ from $26.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, September 13th. ValuEngine upgraded shares of IMPINJ from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Finally, Zacks Investment Research upgraded shares of IMPINJ from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, September 19th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.14.
NASDAQ PI opened at $24.68 on Friday. The company has a quick ratio of 3.87, a current ratio of 6.65 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $606.16 million, a price-to-earnings ratio of -85.10 and a beta of 1.59. IMPINJ has a 12-month low of $9.95 and a 12-month high of $41.97.
IMPINJ (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, September 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.10. The firm had revenue of $28.50 million during the quarter, compared to the consensus estimate of $28.50 million. IMPINJ had a negative net margin of 32.16% and a negative return on equity of 17.23%. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. research analysts forecast that IMPINJ will post -1.18 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Rainier Group Investment Advisory LLC acquired a new position in IMPINJ during the 1st quarter worth approximately $104,000. Oppenheimer & Co. Inc. acquired a new position in IMPINJ during the 2nd quarter worth approximately $220,000. LPL Financial LLC increased its position in IMPINJ by 72.6% during the 1st quarter. LPL Financial LLC now owns 21,914 shares of the company’s stock worth $285,000 after purchasing an additional 9,214 shares in the last quarter. Guggenheim Capital LLC increased its position in IMPINJ by 108.0% during the 1st quarter. Guggenheim Capital LLC now owns 22,257 shares of the company’s stock worth $290,000 after purchasing an additional 11,556 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in IMPINJ during the 1st quarter worth approximately $307,000. Institutional investors own 61.60% of the company’s stock.
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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