Impinj, Inc. (NASDAQ:PI) has been given an average rating of “Hold” by the nine analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $36.20.

PI has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Impinj from a “sell” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Wednesday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $34.00 price objective (down previously from $45.00) on shares of Impinj in a report on Thursday, November 2nd. Morgan Stanley decreased their price objective on shares of Impinj from $37.00 to $29.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Royal Bank Of Canada decreased their price objective on shares of Impinj from $50.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Finally, Dougherty & Co decreased their price objective on shares of Impinj from $62.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd.

In other news, insider Eric Brodersen sold 7,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $39.85, for a total value of $278,950.00. Following the transaction, the insider now owns 92,843 shares of the company’s stock, valued at approximately $3,699,793.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Evan Fein sold 3,300 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $25.19, for a total transaction of $83,127.00. Following the completion of the transaction, the chief financial officer now directly owns 15,100 shares in the company, valued at approximately $380,369. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,200 shares of company stock worth $895,109. Insiders own 15.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of PI. BNP Paribas Arbitrage SA boosted its stake in Impinj by 1,261.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,096 shares of the company’s stock worth $102,000 after acquiring an additional 1,942 shares during the last quarter. American International Group Inc. bought a new position in Impinj during the 1st quarter worth approximately $112,000. Bronfman E.L. Rothschild L.P. bought a new position in Impinj during the 3rd quarter worth approximately $116,000. Cornerstone Capital Management Holdings LLC. bought a new position in Impinj during the 3rd quarter worth approximately $128,000. Finally, Turner Investments LLC bought a new position in Impinj during the 2nd quarter worth approximately $146,000. 82.95% of the stock is currently owned by institutional investors.

Shares of Impinj (NASDAQ:PI) traded down $0.14 during trading on Friday, hitting $23.42. 308,022 shares of the company were exchanged, compared to its average volume of 744,140. The company has a quick ratio of 4.97, a current ratio of 7.49 and a debt-to-equity ratio of 0.06. Impinj has a 1-year low of $19.97 and a 1-year high of $60.85.

Impinj (NASDAQ:PI) last announced its earnings results on Wednesday, November 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The firm had revenue of $32.60 million for the quarter, compared to analyst estimates of $32.58 million. Impinj had a negative return on equity of 1.15% and a negative net margin of 5.97%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 EPS. equities research analysts forecast that Impinj will post -0.41 EPS for the current fiscal year.

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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.

Analyst Recommendations for Impinj (NASDAQ:PI)

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