IMPINJ Inc (NYSE:PI)’s share price traded up 2.6% during trading on Wednesday . The company traded as high as $24.48 and last traded at $23.34, with a volume of 466,788 shares. The stock had previously closed at $22.75.

A number of equities analysts recently commented on the stock. RBC Capital Markets assumed coverage on shares of IMPINJ in a research note on Monday, August 15th. They set an “outperform” rating and a $25.00 price target for the company. Needham & Company LLC assumed coverage on shares of IMPINJ in a report on Monday, August 15th. They set a “buy” rating and a $24.00 price objective for the company. Pacific Crest assumed coverage on shares of IMPINJ in a report on Monday, August 15th. They set an “overweight” rating and a $24.00 price objective for the company. Royal Bank Of Canada assumed coverage on shares of IMPINJ in a report on Monday, August 15th. They set an “outperform” rating and a $25.00 price objective for the company. Finally, Piper Jaffray Cos. assumed coverage on shares of IMPINJ in a report on Monday, August 15th. They set an “overweight” rating and a $24.00 price objective for the company. Six analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $24.50.

The firm’s 50 day moving average price is $20.28 and its 200 day moving average price is $20.28.

In other IMPINJ news, Director Tom A. Alberg bought 35,714 shares of IMPINJ stock in a transaction dated Tuesday, July 26th. The stock was acquired at an average cost of $14.00 per share, for a total transaction of $499,996.00. Following the completion of the transaction, the director now directly owns 35,714 shares of the company’s stock, valued at $499,996. The purchase was disclosed in a filing with the SEC, 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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