Roth Mkm Boosts Impinj (NASDAQ:PI) Price Target to $145.00

Impinj (NASDAQ:PI - Free Report) had its price objective lifted by Roth Mkm from $125.00 to $145.00 in a report issued on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of Impinj from $130.00 to $150.00 and gave the company a buy rating in a research note on Thursday, March 14th. Susquehanna boosted their price target on Impinj from $130.00 to $140.00 and gave the stock a positive rating in a research report on Tuesday. The Goldman Sachs Group upped their price objective on Impinj from $89.00 to $115.00 and gave the stock a buy rating in a research note on Friday, February 9th. Needham & Company LLC lifted their target price on Impinj from $130.00 to $160.00 and gave the company a buy rating in a research note on Thursday. Finally, StockNews.com upgraded shares of Impinj to a sell rating in a report on Friday, February 9th. Two analysts have rated the stock with a sell rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $128.33.

Impinj Price Performance

NASDAQ:PI traded up $34.64 during trading hours on Thursday, hitting $155.55. 3,044,332 shares of the stock traded hands, compared to its average volume of 405,417. The stock has a 50 day moving average price of $118.27 and a 200 day moving average price of $94.35. The company has a quick ratio of 5.59, a current ratio of 8.73 and a debt-to-equity ratio of 8.26. The company has a market cap of $4.30 billion, a price-to-earnings ratio of -96.02 and a beta of 2.05. Impinj has a 1 year low of $48.39 and a 1 year high of $156.41.

Impinj (NASDAQ:PI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.14. Impinj had a negative return on equity of 74.70% and a negative net margin of 14.10%. The business had revenue of $76.83 million during the quarter, compared to the consensus estimate of $73.57 million. Sell-side analysts forecast that Impinj will post -0.62 EPS for the current fiscal year.

Insider Buying and Selling at Impinj

In other Impinj news, insider Cathal G. Phelan sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $106.23, for a total value of $1,062,300.00. Following the completion of the transaction, the insider now directly owns 21,750 shares of the company's stock, valued at $2,310,502.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Hussein Mecklai sold 30,000 shares of Impinj stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $104.80, for a total value of $3,144,000.00. Following the completion of the transaction, the chief operating officer now owns 40,489 shares in the company, valued at approximately $4,243,247.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cathal G. Phelan sold 10,000 shares of the company's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $106.23, for a total value of $1,062,300.00. Following the completion of the transaction, the insider now directly owns 21,750 shares of the company's stock, valued at approximately $2,310,502.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,185 shares of company stock worth $12,767,674. Insiders own 17.10% of the company's stock.

Institutional Trading of Impinj

Several institutional investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new stake in shares of Impinj during the first quarter worth approximately $32,000. GAMMA Investing LLC purchased a new stake in shares of Impinj during the fourth quarter worth $40,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Impinj in the third quarter valued at about $55,000. Headlands Technologies LLC purchased a new position in shares of Impinj in the fourth quarter worth about $58,000. Finally, Asset Management One Co. Ltd. boosted its position in Impinj by 74.6% during the third quarter. Asset Management One Co. Ltd. now owns 1,226 shares of the company's stock worth $67,000 after acquiring an additional 524 shares during the last quarter.

About Impinj

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.