Somewhat Favorable News Coverage Somewhat Unlikely to Affect IMPINJ (PI) Stock Price
News coverage about IMPINJ (NYSE:PI) has trended somewhat positive on Sunday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. IMPINJ earned a news impact score of 0.10 on Accern’s scale. Accern also gave media headlines about the company an impact score of 44.8858260748994 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Impinj, Inc. (NASDAQ:PI) Trading Up – Insiders Selling, Short Interest Growing – First News 24 (firstnewspaper24.com)
- Insider Selling: IMPINJ Inc (PI) COO Sells 3,500 Shares of Stock (americanbankingnews.com)
- Impinj, Inc. (PI) stands -2.28% away from 50 SMA: Technical Watch – Voice Of Analysts (analystsbuzz.com)
- ETFs with exposure to Impinj, Inc. : September 18, 2017 (finance.yahoo.com)
- Insider Selling: IMPINJ Inc (PI) Insider Sells 7,000 Shares of Stock (americanbankingnews.com)
PI has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of IMPINJ from a “hold” rating to a “strong sell” rating in a report on Thursday, June 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of IMPINJ in a report on Saturday, July 22nd. Needham & Company LLC upped their price target on shares of IMPINJ from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. KeyCorp reaffirmed a “hold” rating on shares of IMPINJ in a report on Wednesday, August 23rd. Finally, Dougherty & Co reaffirmed a “buy” rating and set a $62.00 price target on shares of IMPINJ in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. IMPINJ currently has an average rating of “Buy” and an average target price of $47.63.
IMPINJ (NYSE:PI) opened at 41.25 on Friday. The company’s 50-day moving average is $38.99 and its 200-day moving average is $38.99. The firm’s market capitalization is $860.48 million. IMPINJ has a 52-week low of $23.55 and a 52-week high of $41.91.
IMPINJ (NYSE:PI) last announced its earnings results on Thursday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. IMPINJ had a negative net margin of 2.86% and a negative return on equity of 3.11%. The business had revenue of $34.10 million during the quarter, compared to analyst estimates of $33.41 million. During the same period in the previous year, the business posted $0.06 earnings per share. IMPINJ’s revenue for the quarter was up 31.2% on a year-over-year basis. Analysts forecast that IMPINJ will post $0.05 EPS for the current fiscal year.
In other IMPINJ news, CFO Evan Fein sold 9,000 shares of IMPINJ stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $38.00, for a total transaction of $342,000.00. Following the completion of the sale, the chief financial officer now directly owns 15,300 shares in the company, valued at $581,400. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eric Brodersen sold 7,000 shares of IMPINJ stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $53.23, for a total transaction of $372,610.00. Following the sale, the insider now owns 106,743 shares of the company’s stock, valued at $5,681,929.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,500 shares of company stock valued at $1,693,315.
IMPINJ Company Profile
Impinj, Inc is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads.
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