Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Impinj (PI) Share Price
Media stories about Impinj (NASDAQ:PI) have been trending somewhat positive on Thursday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Impinj earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.6559372168506 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Impinj, Inc. (NASDAQ:PI) – Most Recent Figure Make This Stock Even More Attractive – Nasdaq Journal (press release) (nasdaqjournal.com)
- Impinj, Inc. (PI) – Tech Stock Traders Alert – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Impinj (PI) Downgraded by BidaskClub (americanbankingnews.com)
- ETFs with exposure to Impinj, Inc. : December 25, 2017 (finance.yahoo.com)
Several research firms have recently commented on PI. Zacks Investment Research upgraded Impinj from a “sell” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Wednesday, October 25th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 target price (down from $45.00) on shares of Impinj in a research note on Thursday, November 2nd. Morgan Stanley reduced their target price on Impinj from $37.00 to $29.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Royal Bank of Canada reduced their target price on Impinj from $50.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Finally, Dougherty & Co reduced their target price on Impinj from $62.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $36.33.
Shares of Impinj (PI) traded up $0.32 during midday trading on Thursday, reaching $22.37. The company’s stock had a trading volume of 359,500 shares, compared to its average volume of 730,510. Impinj has a 1 year low of $19.97 and a 1 year high of $60.85. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.49 and a quick ratio of 4.97. The firm has a market capitalization of $468.84 and a price-to-earnings ratio of -58.87.
Impinj (NASDAQ:PI) last issued its earnings results on Wednesday, November 1st. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). Impinj had a negative return on equity of 1.15% and a negative net margin of 5.97%. The company had revenue of $32.60 million during the quarter, compared to analyst estimates of $32.58 million. During the same period in the prior year, the business earned $0.10 earnings per share. Impinj’s quarterly revenue was up 5.2% on a year-over-year basis. equities research analysts predict that Impinj will post -0.41 earnings per share for the current year.
In other news, CFO Evan Fein sold 3,300 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $25.19, for a total transaction of $83,127.00. Following the transaction, the chief financial officer now directly owns 15,100 shares of the company’s stock, valued at $380,369. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric Brodersen sold 7,000 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $36.85, for a total value of $257,950.00. The disclosure for this sale can be found here. Insiders have sold 15,700 shares of company stock worth $478,399 over the last three months. Corporate insiders own 15.20% of the company’s stock.
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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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