Impinj - PI Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Impinj in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PI shares.
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6 Wall Street analysts have issued 12 month price objectives for Impinj's shares. Their PI share price forecasts range from $76.00 to $120.00. On average, they expect the company's share price to reach $105.00 in the next twelve months. This suggests that the stock has a possible downside of 13.9%.
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Impinj's stock was trading at $88.70 at the beginning of the year. Since then, PI shares have increased by 37.5% and is now trading at $121.96.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
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Impinj, Inc. (NASDAQ:PI) posted its earnings results on Wednesday, October, 26th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.17. The company earned $68.27 million during the quarter, compared to the consensus estimate of $64.67 million. Impinj had a negative trailing twelve-month return on equity of 236.49% and a negative net margin of 18.91%.

Impinj issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 2nd. The company provided EPS guidance of $0.32-$0.37 for the period, compared to the consensus estimate of $0.16. The company issued revenue guidance of $71.50 million-$73.50 million, compared to the consensus revenue estimate of $67.20 million.

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.

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 initial public offering (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.

Impinj trades on the NASDAQ under the ticker symbol "PI."

Impinj's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.88%), Chevy Chase Trust Holdings LLC (5.42%), Vanguard Group Inc. (4.83%), State Street Corp (2.89%), Allspring Global Investments Holdings LLC (2.78%) and Fred Alger Management LLC (2.40%). Insiders that own company stock include Cary Baker, Cathal G Phelan, Cathal G Phelan, Chris PhD Diorio, Daniel Patrick Gibson, Denise Masters, Eric Brodersen, Gregory Sessler, Hussein Mecklai, Jeffrey Dossett, Oppen Peter H Van and Sylebra Capital Ltd.
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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.
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One share of PI stock can currently be purchased for approximately $121.96.

Impinj (NASDAQ:PI) has a market capitalization of $3.16 billion and generates $190.28 million in revenue each year. The company earns $-51,260,000.00 in net income (profit) each year or ($1.77) on an earnings per share basis.

The company employs 332 workers across the globe.

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.