Should I buy or sell Impinj stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Impinj in the last twelve months. There are currently 1 sell rating and 6 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

7 Wall Street research analysts have issued 1-year target prices for Impinj's shares. Their PI share price targets range from $45.00 to $155.00. On average, they anticipate the company's share price to reach $103.25 in the next twelve months. This suggests a possible upside of 25.1% 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 stock has decreased by 24.4% and is now trading at $82.56. 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, February 14th 2024. View our PI earnings forecast .

How were Impinj's earnings last quarter?

Impinj, Inc. (NASDAQ:PI) posted its earnings results on Wednesday, October, 25th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.56) by $0.20. The company earned $65.01 million during the quarter, compared to the consensus estimate of $64.73 million. Impinj had a negative trailing twelve-month return on equity of 47.86% and a negative net margin of 9.03%.

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 fourth quarter earnings guidance on Wednesday, October, 25th. The company provided earnings per share (EPS) guidance of ($0.04) - $0.01 for the period, compared to the consensus EPS estimate of ($0.07). The company issued revenue guidance of $65.5-68.5 million, compared to the consensus revenue estimate of $65.97 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) .

(PI) raised $69 million in an IPO 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 acted as the underwriters for the IPO and Needham & Company and Canaccord Genuity were co-managers.

Who are Impinj's major shareholders?

Impinj's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (14.89%), Sylebra Capital LLC (14.59%), Chevy Chase Trust Holdings LLC (4.13%), Westfield Capital Management Co. LP (3.78%), Fred Alger Management LLC (2.94%) and Allspring Global Investments Holdings LLC (1.62%). 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 .

Impinj (PI) Stock Price, News & Analysis

$82.56

-1.23 (-1.47%)

(As of 12/8/2023 ET)

Compare

Today's Range: $82.55
▼
$85.76
50-Day Range: $49.23
▼
$87.14
52-Week Range: $48.39
▼
$144.90

Volume: 253,833 shs
Average Volume: 371,395 shs
Market Capitalization: $2.23 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $103.25

Impinj MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 25.1% Upside
$103.25 Price Target
Short Interest: Bearish
14.45% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.68
Upright™ Environmental Score
News Sentiment: 1.44
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$8.40 M Bought Last Quarter
Proj. Earnings Growth: Growing
From ($1.10) to ($0.83) Per Share

Overall MarketRank^™

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

2.13 out of 5 stars

Computer And Technology Sector

268th out of 582 stocks

Electronic Components, Not Elsewhere Classified Industry

4th out of 6 stocks

3.4

Analyst's Opinion

Consensus Rating
Impinj has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 6 buy ratings, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $103.25, Impinj has a forecasted upside of 25.1% from its current price of $82.56.
Amount of Analyst Coverage
Impinj has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
14.45% 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 7.4.
Change versus previous month
Short interest in Impinj has recently increased by 2.62%, indicating that investor sentiment is decreasing.

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.

3.0

News and Social Media Coverage

News Sentiment
Impinj has a news sentiment score of 1.44. 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 higher news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Impinj this week, compared to 4 articles on an average week.
Search Interest
13 people have searched for PI on MarketBeat in the last 30 days. This is an increase of 18% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Impinj to their MarketBeat watchlist in the last 30 days. This is a decrease of -30% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Impinj insiders have bought 1,214.10% more of their company's stock than they have sold. Specifically, they have bought $8,401,329.00 in company stock and sold $639,321.00 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 ($0.83) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Impinj is -77.89, 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 -77.89, 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 137.60. 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 Stock (NASDAQ:PI)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PI Stock News Headlines

December 9, 2023 | americanbankingnews.com

Impinj, Inc. (NASDAQ:PI) Receives Average Rating of "Moderate Buy" from Brokerages

November 27, 2023 | finance.yahoo.com

Insider Sell Alert: CFO Cary Baker Sells Shares of Impinj Inc

December 10, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

November 24, 2023 | benzinga.com

Impinj Stock (NASDAQ:PI) Insider Trades

November 24, 2023 | benzinga.com

Impinj Stock (NASDAQ:PI), Analyst Ratings, Price Targets, Predictions

November 22, 2023 | msn.com

Impinj 10% owner acquires stake worth $3.3M

November 17, 2023 | benzinga.com

Impinj 10% Owner Makes $3.84M Stock Purchase

November 16, 2023 | msn.com

Insider Trading: Impinj Stock (NASDAQ:PI) Gained on $2.5M Insider Buy

December 10, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

November 16, 2023 | finance.yahoo.com

Sylebra Capital Ltd Bolsters Stake in Impinj Inc

November 15, 2023 | msn.com

Impinj 10% owner Sylebra Capital discloses purchase of over 33K shares

November 13, 2023 | realmoney.thestreet.com

Let's Investigate the Charts of PI

November 13, 2023 | finance.yahoo.com

New Impinj RAIN RFID Reader Delivers Edge Intelligence That Optimizes Speed and Automation in Supply Chain & Logistics

November 2, 2023 | finance.yahoo.com

Impinj to Participate in Baird 2023 Global Industrial Conference

November 1, 2023 | morningstar.com

Impinj Inc PI

October 31, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Technology Stocks: Lumentum Holdings (LITE), IMPINJ (PI) and Take-Two (TTWO)

October 27, 2023 | markets.businessinsider.com

Positive 2024 Outlook and RAIN RFID Adoption Prospects Drive Walkley’s Buy Rating for IMPINJ despite Inventory Challenges

October 27, 2023 | msn.com

Roth MKM Maintains Impinj (PI) Buy Recommendation