MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $6.35 Million Stock Holdings in Impinj, Inc. (NASDAQ:PI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Impinj, Inc. (NASDAQ:PI - Free Report) by 7.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,736 shares of the company's stock after acquiring an additional 2,953 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.15% of Impinj worth $6,353,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of PI. Inspire Investing LLC raised its stake in Impinj by 45.0% in the fourth quarter. Inspire Investing LLC now owns 2,752 shares of the company's stock valued at $400,000 after buying an additional 854 shares during the period. Jamison Private Wealth Management Inc. raised its stake in Impinj by 91.9% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 2,638 shares of the company's stock valued at $383,000 after buying an additional 1,263 shares during the period. KBC Group NV raised its stake in Impinj by 33.5% in the fourth quarter. KBC Group NV now owns 909 shares of the company's stock valued at $132,000 after buying an additional 228 shares during the period. Stordahl Capital Management Inc. bought a new stake in Impinj in the fourth quarter valued at approximately $363,000. Finally, Spire Wealth Management bought a new stake in Impinj in the fourth quarter valued at approximately $87,000.

Wall Street Analysts Forecast Growth

PI has been the topic of several research analyst reports. Evercore ISI upped their price objective on Impinj from $99.00 to $117.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Cantor Fitzgerald restated an "overweight" rating and issued a $133.00 price objective on shares of Impinj in a research note on Thursday, April 24th. Wall Street Zen lowered Impinj from a "hold" rating to a "sell" rating in a research note on Friday, January 24th. The Goldman Sachs Group decreased their target price on Impinj from $200.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Finally, Piper Sandler decreased their target price on Impinj from $140.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Impinj currently has an average rating of "Moderate Buy" and an average target price of $155.38.

Impinj Price Performance

NASDAQ:PI traded down $3.21 during trading hours on Friday, reaching $112.00. 415,353 shares of the company were exchanged, compared to its average volume of 594,710. The company has a market capitalization of $3.25 billion, a P/E ratio of 82.35 and a beta of 1.64. Impinj, Inc. has a 1-year low of $60.85 and a 1-year high of $239.88. The business has a 50 day moving average of $90.43 and a 200 day moving average of $123.00.

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

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.