IMPINJ Inc (NYSE:PI)’s share price was down 1.1% during mid-day trading on Tuesday . The stock traded as low as $22.25 and last traded at $22.54, with a volume of 209,010 shares trading hands. The stock had previously closed at $22.79.

Several equities analysts have recently issued reports on PI shares. Canaccord Genuity started coverage on shares of IMPINJ in a report on Monday, August 15th. They issued a “buy” rating and a $25.00 price target for the company. Needham & Company LLC began coverage on shares of IMPINJ in a report on Monday, August 15th. They issued a “buy” rating and a $24.00 price target for the company. Royal Bank Of Canada began coverage on shares of IMPINJ in a research report on Monday, August 15th. They issued an “outperform” rating and a $25.00 price objective on the stock. RBC Capital Markets began coverage on shares of IMPINJ in a research report on Monday, August 15th. They issued an “outperform” rating and a $25.00 price objective on the stock. Finally, Pacific Crest began coverage on shares of IMPINJ in a research report on Monday, August 15th. They issued an “overweight” rating and a $24.00 price objective on the stock. Six equities research analysts have rated the stock with a buy rating, IMPINJ presently has a consensus rating of “Buy” and a consensus target price of $24.50.

The company’s 50 day moving average is $20.28 and its 200-day moving average is $20.28.

In related news, Director Tom A. Alberg acquired 35,714 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was acquired at an average price of $14.00 per share, with a total value of $499,996.00. Following the purchase, the director now directly owns 35,714 shares in the company, valued at $499,996. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Impinj, Inc is a provider of referral and information network (RAIN) radio frequency identification (RFID) solutions that provide item intelligence in the retail, pharmaceutical, healthcare, food and beverage, and other industries. The Company’s products include reader chips, tag chips, readers, gateways and software.

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