NASDAQ:PI

Impinj (PI) Stock Forecast, Price & News

$54.61

+0.90 (+1.68%)

(As of 09/22/2023 08:52 PM ET)

Compare

Today's Range: $52.00
▼
$54.74
50-Day Range: $53.71
▼
$90.07
52-Week Range: $52.00
▼
$144.90

Volume: 872,300 shs
Average Volume: 605,418 shs
Market Capitalization: $1.47 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $112.00

Impinj MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 105.1% Upside
$112.00 Price Target
Short Interest: Bearish
10.42% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.68
Upright™ Environmental Score
News Sentiment: 0.19
Based on 8 Articles This Week
Insider Trading: Acquiring Shares
$40.53 M Bought Last Quarter
Proj. Earnings Growth: Growing
From ($1.10) to ($0.47) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Computer And Technology Sector

353rd out of 585 stocks

Electronic Components, Not Elsewhere Classified Industry

5th out of 7 stocks

3.3

Analyst's Opinion

Consensus Rating
Impinj has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 5 buy ratings, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $112.00, Impinj has a forecasted upside of 105.1% from its current price of $54.61.
Amount of Analyst Coverage
Impinj has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
10.42% of the outstanding shares of Impinj have been sold short.
Short Interest Ratio / Days to Cover
Impinj has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in Impinj has recently decreased by 1.75%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Impinj does not currently pay a dividend.
Dividend Growth
Impinj does not have a long track record of dividend growth.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Impinj has received a 39.04% net impact score from Upright. Impinj seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Distributing knowledge". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "IoT modular gateways", "Device monitoring software", and "Active RFID tags for logistics tracking" products. See details.
Environmental Sustainability
The Environmental Impact score for Impinj is -1.68.

2.3

News and Social Media Coverage

News Sentiment
Impinj has a news sentiment score of 0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Impinj this week, compared to 4 articles on an average week.
Search Interest
Only 15 people have searched for PI on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
MarketBeat Follows
5 people have added Impinj to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Impinj insiders have bought 2,555.16% more of their company's stock than they have sold. Specifically, they have bought $40,527,175.00 in company stock and sold $1,526,358.00 in company stock.
Percentage Held by Insiders
17.10% of the stock of Impinj is held by insiders. A high percentage of insider ownership can be a sign of company health.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Impinj are expected to grow in the coming year, from ($1.10) to ($0.47) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Impinj is -97.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Impinj is -97.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Impinj has a P/B Ratio of 91.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Impinj (NASDAQ:PI) Stock

Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform, which comprises multiple product families, wirelessly connects individual 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. Its platform also consists of systems products that comprise reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enables its partners to deliver use cases, such as retail self-checkout and loss prevention, and warehouse pallet and package tracking to end-users. The company primarily serves retail, supply chain and logistics, aviation, automotive, healthcare, industrial and manufacturing, sports, consumer experience, food, datacenter, travel, banking, and linen and uniform tracking sectors through distributors, system integrators, value-added resellers, and software solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.

PI Price History

30 days | 90 days | 365 days | Advanced Chart

PI Stock News Headlines

September 24, 2023 | americanbankingnews.com

Impinj (NASDAQ:PI) Hits New 1-Year Low at $52.85

September 20, 2023 | finance.yahoo.com

Is Impinj (PI) Too Good to Be True? A Comprehensive Analysis of a Potential Value Trap

September 25, 2023 | Behind the Markets (Ad)

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September 15, 2023 | finance.yahoo.com

Impinj (PI) Fell on Lowered Guidance

September 9, 2023 | finance.yahoo.com

Insider Sell: Jeffrey Dossett Sells 2,000 Shares of Impinj Inc

September 6, 2023 | benzinga.com

5.25M Reasons To Be Bullish On Impinj Stock

September 5, 2023 | markets.businessinsider.com

$8M Bet On Impinj? Check Out These 4 Stocks Insiders Are Buying

September 2, 2023 | finance.yahoo.com

Sylebra Capital Ltd Boosts Stake in Impinj Inc

September 25, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

September 1, 2023 | benzinga.com

1.81M Reasons To Be Bullish On Impinj Stock

August 25, 2023 | bizjournals.com

Impinj CEO Chris Diorio on changing the world, car racing and why he doesn't teach anymore

August 24, 2023 | msn.com

Insider Buying: Impinj (NASDAQ:PI) Stock Continues to Climb on More Insider Buys

August 23, 2023 | markets.businessinsider.com

Over $11M Bet On Impinj? Check Out These 3 Stocks Insiders Are Buying

August 21, 2023 | msn.com

Insider Trading: IMPINJ’s (NASDAQ:PI) Major Insider on a Buying Spree

August 18, 2023 | finance.yahoo.com

Sylebra Capital Ltd Continues Adding to Stake in Impinj Inc

August 17, 2023 | benzinga.com

Impinj Insider Trades Send a Signal

August 17, 2023 | finance.yahoo.com

Sylebra Capital Ltd Adds to Its Stake in Impinj Inc

August 16, 2023 | barrons.com

Impinj Inc.

August 16, 2023 | finance.yahoo.com

Sylebra Capital Ltd Increases Stake in Impinj Inc

August 16, 2023 | markets.businessinsider.com

Over $15M Bet On Impinj? Check Out These 4 Stocks Insiders Are Buying

August 10, 2023 | seekingalpha.com

Impinj, Inc. 2023 Q2 - Results - Earnings Call Presentation

July 31, 2023 | seekingalpha.com

Impinj: The Growth Story Takes A Major Hit

July 28, 2023 | msn.com

Needham Maintains Impinj (PI) Buy Recommendation

July 28, 2023 | finance.yahoo.com

Q2 2023 Impinj Inc Earnings Call

July 28, 2023 | finance.yahoo.com

Why Impinj Stock Got Pinched Today

July 28, 2023 | finance.yahoo.com

Impinj, Inc. (NASDAQ:PI) Q2 2023 Earnings Call Transcript

July 27, 2023 | theglobeandmail.com

Why Impinj (PI) Stock Is Trading Lower Today

See More Headlines

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PI Company Calendar

Last Earnings: 7/26/2023
Today: 9/24/2023
Next Earnings (Estimated): 10/25/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Electronic components, not elsewhere classified
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:PI
Previous Symbol: NYSE:PI
CUSIP: N/A
CIK: 1114995
Web: www.impinj.com
Phone: (206) 517-5300
Fax: 206-517-5262
Employees: 389
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $112.00
High Stock Price Forecast: $155.00
Low Stock Price Forecast: $45.00
Forecasted Upside/Downside: +105.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.56)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-24,300,000.00
Net Margins: -4.65%
Pretax Margin: -4.70%
Return on Equity: -23.30%
Return on Assets: -1.32%

Debt

Debt-to-Equity Ratio: 7.64
Current Ratio: 5.57
Quick Ratio: 3.37

Sales & Book Value

Annual Sales: $257.80 million
Price / Sales: 5.69
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.60 per share
Price / Book: 91.02

Miscellaneous

Outstanding Shares: 26,860,000
Free Float: 22,267,000
Market Cap: $1.47 billion
Optionable: Optionable
Beta: 2.09

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Key Executives

Dr. Chris Diorio Ph.D. (Age 61)
Co-Founder, Vice Chairman & CEO
Comp: $411.46k

Mr. Cary L. Baker (Age 46)
Chief Financial Officer
Comp: $368.77k

Mr. Hussein Mecklai (Age 50)
Chief Operating Officer
Comp: $388.69k

Mr. Jeffrey Dossett (Age 63)
Chief Revenue Officer
Comp: $320.2k

Mr. Cathal Phelan (Age 59)
Chief Innovation Officer & Director
Comp: $548.8k

Ms. Denise Masters (Age 49)
Interim VP of Accounting & Corp. Controller

Mr. Yukio Morikubo (Age 63)
Gen. Counsel & Chief Compliance Officer

Jill West
VP of Strategic Communications

Ms. Christina Balam
VP Of HR

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PI Stock - Frequently Asked Questions

Should I buy or sell Impinj stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Impinj in the last twelve months. There are currently 1 sell rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PI shares.
View PI analyst ratings or view top-rated stocks.
What is Impinj's stock price forecast for 2023?: 6 equities research analysts have issued 12 month price targets for Impinj's shares. Their PI share price forecasts range from $45.00 to $155.00. On average, they anticipate the company's stock price to reach $112.00 in the next year. This suggests a possible upside of 105.1% from the stock's current price.
View analysts price targets for PI or view top-rated stocks among Wall Street analysts.
How have PI shares performed in 2023?: Impinj's stock was trading at $109.18 at the beginning of the year. Since then, PI shares have decreased by 50.0% and is now trading at $54.61.
View the best growth stocks for 2023 here.
When is Impinj's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our PI earnings forecast.
How were Impinj's earnings last quarter?: Impinj, Inc. (NASDAQ:PI) announced its quarterly earnings data on Wednesday, July, 26th. The company reported ($0.14) EPS for the quarter, hitting the consensus estimate of ($0.14). The company had revenue of $85.99 million for the quarter, compared to the consensus estimate of $85.43 million. Impinj had a negative net margin of 4.65% and a negative trailing twelve-month return on equity of 23.30%.
What ETFs hold Impinj's stock?: ETFs with the largest weight of Impinj (NASDAQ:PI) stock in their portfolio include Alger Mid Cap 40 ETF (FRTY), SPDR S&P Semiconductor ETF (XSD), Alpha Architect U.S. Quantitative Momentum ETF (QMOM), Jacob Forward ETF (JFWD), Global X Internet of Things Thematic ETF (SNSR), Fidelity Disruptive Communications ETF (FDCF) and Ranger Equity Bear ETF (HDGE) and
What guidance has Impinj issued on next quarter's earnings?: Impinj updated its third quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of -$0.12--$0.06 for the period, compared to the consensus EPS estimate of $0.38. The company issued revenue guidance of $63.00 million-$66.00 million, compared to the consensus revenue estimate of $88.11 million.
What is Chris Diorio's approval rating as Impinj's CEO?: 47 employees have rated Impinj Chief Executive Officer Chris Diorio on Glassdoor.com. Chris Diorio has an approval rating of 73% among the company's employees.

What other stocks do shareholders of Impinj own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Impinj investors own include NVIDIA (NVDA), Alibaba Group (BABA), Baidu (BIDU), JD.com (JD), Editas Medicine (EDIT), Block (SQ), Inseego (INSG), Micron Technology (MU), Marvell Technology (MRVL) and Shopify (SHOP).
When did Impinj IPO?: (PI) raised $69 million in an initial public offering on Thursday, July 21st 2016. The company issued 4,600,000 shares at a price of $14.00-$16.00 per share. RBC Capital Markets, Pacific Crest Securities (a division of KeyBanc Capital Markets) and Piper Jaffray served as the underwriters for the IPO and Needham & Company and Canaccord Genuity were co-managers.
What is Impinj's stock symbol?: Impinj trades on the NASDAQ under the ticker symbol "PI."
Who are Impinj's major shareholders?: Impinj's stock is owned by a number of institutional and retail investors. Top institutional investors include Chevy Chase Trust Holdings LLC (4.16%), State Street Corp (3.14%), Allspring Global Investments Holdings LLC (2.49%), Schonfeld Strategic Advisors LLC (1.80%), Geode Capital Management LLC (1.68%) and AWM Investment Company Inc. (1.24%). Insiders that own company stock include Cary Baker, Cathal G Phelan, Cathal G Phelan, Chris PhD Diorio, Gregory Sessler, Hussein Mecklai, Jeffrey Dossett, Oppen Peter H Van, Steve Sanghi and Sylebra Capital Ltd.
View institutional ownership trends.
How do I buy shares of Impinj?: Shares of PI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Impinj's stock price today?: One share of PI stock can currently be purchased for approximately $54.61.
How much money does Impinj make?: Impinj (NASDAQ:PI) has a market capitalization of $1.47 billion and generates $257.80 million in revenue each year. The company earns $-24,300,000.00 in net income (profit) each year or ($0.56) on an earnings per share basis.
How many employees does Impinj have?: The company employs 389 workers across the globe.
How can I contact Impinj?: Impinj's mailing address is 400 FAIRVIEW AVENUE NORTH SUITE 1200, SEATTLE WA, 98109. The official website for the company is www.impinj.com. The company can be reached via phone at (206) 517-5300, via email at ir@impinj.com, or via fax at 206-517-5262.

This page (NASDAQ:PI) was last updated on 9/25/2023 by MarketBeat.com Staff

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Impinj (PI) Stock Forecast, Price & News

Impinj MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Impinj (NASDAQ:PI) Stock

PI Price History

PI Stock News Headlines

PI Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

PI Stock - Frequently Asked Questions

Overall MarketRank^™