IMPINJ Inc (NASDAQ:PI) insider Eric Brodersen sold 7,943 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $22.00, for a total value of $174,746.00. Following the sale, the insider now directly owns 68,100 shares in the company, valued at approximately $1,498,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of PI stock traded down $0.19 on Friday, reaching $21.80. 214,035 shares of the stock were exchanged, compared to its average volume of 315,489. The company has a current ratio of 5.49, a quick ratio of 3.34 and a debt-to-equity ratio of 0.20. The company has a market cap of $472.44 million, a P/E ratio of -75.17 and a beta of 2.08. IMPINJ Inc has a twelve month low of $9.95 and a twelve month high of $28.48.

IMPINJ (NASDAQ:PI) last issued its earnings results on Monday, October 29th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $34.40 million during the quarter, compared to the consensus estimate of $33.47 million. IMPINJ had a negative net margin of 33.58% and a negative return on equity of 20.18%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. On average, equities analysts forecast that IMPINJ Inc will post -1.1 EPS for the current year.

A number of research firms have recently weighed in on PI. Zacks Investment Research raised IMPINJ from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Wednesday, September 19th. BidaskClub raised IMPINJ from a “hold” rating to a “buy” rating in a research report on Friday, September 28th. Finally, Piper Jaffray Companies upped their price objective on IMPINJ from $26.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, September 13th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $21.40.

Several hedge funds have recently modified their holdings of PI. Benjamin F. Edwards & Company Inc. grew its stake in shares of IMPINJ by 433.3% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,800 shares of the company’s stock worth $119,000 after purchasing an additional 3,900 shares in the last quarter. SOL Capital Management CO acquired a new position in shares of IMPINJ during the third quarter worth $202,000. Oppenheimer & Co. Inc. acquired a new position in shares of IMPINJ during the second quarter worth $220,000. LPL Financial LLC grew its stake in shares of IMPINJ by 72.6% during the first quarter. LPL Financial LLC now owns 21,914 shares of the company’s stock worth $285,000 after purchasing an additional 9,214 shares in the last quarter. Finally, Guggenheim Capital LLC grew its stake in shares of IMPINJ by 108.0% during the first quarter. Guggenheim Capital LLC now owns 22,257 shares of the company’s stock worth $290,000 after purchasing an additional 11,556 shares in the last quarter. Hedge funds and other institutional investors own 60.61% of the company’s stock.

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IMPINJ Company Profile

Impinj, Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. The company's platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach-to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs.

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