Impinj, Inc. (NASDAQ:PI) Shares Purchased by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc raised its position in Impinj, Inc. (NASDAQ:PI - Free Report) by 337.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,200 shares of the company's stock after purchasing an additional 12,500 shares during the period. K.J. Harrison & Partners Inc owned about 0.06% of Impinj worth $1,469,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp raised its position in shares of Impinj by 8.1% in the 4th quarter. Truist Financial Corp now owns 2,732 shares of the company's stock worth $397,000 after buying an additional 205 shares during the period. New York State Common Retirement Fund raised its holdings in Impinj by 7.0% in the fourth quarter. New York State Common Retirement Fund now owns 7,658 shares of the company's stock valued at $1,112,000 after buying an additional 500 shares during the period. IFP Advisors Inc lifted its position in Impinj by 116.5% during the fourth quarter. IFP Advisors Inc now owns 368 shares of the company's stock valued at $53,000 after buying an additional 198 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in Impinj during the fourth quarter worth approximately $2,126,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Impinj in the fourth quarter worth $1,625,000.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $133.00 price target on shares of Impinj in a report on Thursday, April 24th. Evercore ISI upped their target price on Impinj from $99.00 to $117.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Piper Sandler reiterated an "overweight" rating and set a $100.00 target price on shares of Impinj in a report on Thursday, June 12th. Finally, Needham & Company LLC reduced their price target on Impinj from $130.00 to $115.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $155.38.

Impinj Stock Down 0.7%

Shares of Impinj stock traded down $0.76 during trading on Monday, reaching $111.07. The company had a trading volume of 353,128 shares, compared to its average volume of 593,456. The company has a market cap of $3.22 billion, a price-to-earnings ratio of -2,776.06 and a beta of 1.67. Impinj, Inc. has a fifty-two week low of $60.85 and a fifty-two week high of $239.88. The firm's fifty day moving average is $107.44 and its 200-day moving average is $109.13. The company has a debt-to-equity ratio of 1.77, a quick ratio of 7.46 and a current ratio of 10.96.

Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.09 by $0.12. The business had revenue of $74.28 million during the quarter, compared to analyst estimates of $71.73 million. Impinj had a negative net margin of 0.26% and a positive return on equity of 6.45%. During the same period in the previous year, the business posted $0.21 EPS. The company's quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts anticipate that Impinj, Inc. will post -0.47 EPS for the current year.

Impinj Company 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.