23,623 Shares in Impinj, Inc. (NASDAQ:PI) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 23,623 shares of the company's stock, valued at approximately $3,431,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Impinj at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PI. Canada Pension Plan Investment Board acquired a new stake in Impinj in the fourth quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Impinj in the fourth quarter valued at about $33,000. Jones Financial Companies Lllp increased its stake in shares of Impinj by 205.9% in the fourth quarter. Jones Financial Companies Lllp now owns 260 shares of the company's stock valued at $38,000 after buying an additional 175 shares during the period. IFP Advisors Inc raised its position in shares of Impinj by 116.5% during the fourth quarter. IFP Advisors Inc now owns 368 shares of the company's stock worth $53,000 after acquiring an additional 198 shares during the last quarter. Finally, Spire Wealth Management acquired a new position in shares of Impinj in the fourth quarter worth approximately $87,000.

Impinj Stock Up 3.3%

PI traded up $3.82 during midday trading on Tuesday, hitting $120.33. The company had a trading volume of 437,459 shares, compared to its average volume of 594,392. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 88.48 and a beta of 1.64. The stock's 50 day moving average price is $93.26 and its 200 day moving average price is $118.75. Impinj, Inc. has a 52 week low of $60.85 and a 52 week high of $239.88.

Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.12. Impinj had a return on equity of 7.11% and a net margin of 11.15%. The business had revenue of $74.28 million for the quarter, compared to the consensus estimate of $71.73 million. During the same period in the prior year, the business earned $0.21 EPS. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. Research analysts predict that Impinj, Inc. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PI shares. Cantor Fitzgerald reissued an "overweight" rating and set a $133.00 target price on shares of Impinj in a research report on Thursday, April 24th. Piper Sandler decreased their price objective on shares of Impinj from $140.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Needham & Company LLC lowered their target price on shares of Impinj from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group cut their price target on shares of Impinj from $200.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Finally, Evercore ISI increased their price target on Impinj from $99.00 to $117.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $155.38.

Impinj Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.