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NASDAQ:PI

Impinj (PI) Stock Price, News & Analysis

$102.19
+1.96 (+1.96%)
(As of 02/23/2024 ET)
Today's Range
$99.11
$103.11
50-Day Range
$79.80
$110.04
52-Week Range
$48.39
$144.90
Volume
381,670 shs
Average Volume
435,194 shs
Market Capitalization
$2.78 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$106.43

Impinj MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
5.7% Upside
$106.43 Price Target
Short Interest
Bearish
13.97% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.68
Upright™ Environmental Score
News Sentiment
0.23mentions of Impinj in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$6.98 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.62) to $0.31 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.09 out of 5 stars

Computer And Technology Sector

398th out of 583 stocks

Electronic Components, Not Elsewhere Classified Industry

5th out of 6 stocks


PI stock logo

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 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. Its platform also consists of systems products that consists of 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 enable its partners to solve enterprise business problems, such as retail self-checkout and loss prevention. The company primarily serves retail, supply chain and logistics, automotive, aviation, banking, datacenters, food, healthcare, industrial and manufacturing, linen and uniform tracking, sports, and travel industries through original equipment and device manufacturers, tag service bureaus, systems integrators, value-added resellers, independent software vendors, and other solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.

PI Stock Price History

PI Stock News Headlines

Impinj stock surges on strong earnings and guidance
The stock began rallying in mid-January and picked up steam on February 9 after the company beat fourth-quarter views and raised its guidance on the Impinj chart. The stock is still climbing out of a steep consolidation that began in April 2023 after the company issued disappointing revenue guidance.
Impinj stock surges on strong earnings and guidance
Internet of Things chipmaker Impinj rallied after better-than-expected Q4 results and upbeat current-quarter guidance. Analysts boosted their price targets.
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024.
The same catalyst the kicked off the three major crypto bull markets... is about to hit again on April 22, 2024
2 IoT stocks staging a 2024 tipping-point year
The Internet of Things (IoT) is a network of physical machines, devices, or "things" outfitted with sensors, applications, and connectivity, enabling them
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024.
The same catalyst the kicked off the three major crypto bull markets... is about to hit again on April 22, 2024
PI Mar 2024 145.000 call
Impinj Inc CFO Cary Baker Sells 20,000 Shares
Impinj, Inc. (NASDAQ:PI) Q4 2023 Earnings Call Transcript
Why Is Impinj (PI) Stock Soaring Today
Q4 2023 Impinj Inc Earnings Call
Impinj to Cut 10% of Workforce in Restructuring
Impinj is about to announce earnings — here's what Wall Street expects
Impinj Q4 2023 Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
10/27/2021
Today
2/23/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Electronic components, not elsewhere classified
Sub-Industry
N/A
Employees
475
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$106.43
High Stock Price Target
$130.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+4.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$-43,370,000.00
Pretax Margin
-14.21%

Debt

Sales & Book Value

Annual Sales
$307.54 million
Book Value
$1.25 per share

Miscellaneous

Free Float
22,547,000
Market Cap
$2.78 billion
Optionable
Optionable
Beta
2.04
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PI Stock Analysis - Frequently Asked Questions

Should I buy or sell Impinj stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Impinj in the last year. There are currently 1 sell rating and 4 buy ratings for the stock. The consensus among Wall Street 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?

5 Wall Street analysts have issued twelve-month target prices for Impinj's shares. Their PI share price targets range from $45.00 to $130.00. On average, they predict the company's stock price to reach $106.43 in the next twelve months. This suggests a possible upside of 5.7% 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 2024?

Impinj's stock was trading at $90.03 at the beginning of the year. Since then, PI stock has increased by 11.8% and is now trading at $100.65.
View the best growth stocks for 2024 here
.

When is Impinj's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our PI earnings forecast
.

How were Impinj's earnings last quarter?

Impinj, Inc. (NASDAQ:PI) issued its earnings results on Wednesday, October, 27th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.06. The firm had revenue of $45.19 million for the quarter, compared to analyst estimates of $44.13 million. Impinj had a negative trailing twelve-month return on equity of 74.70% and a negative net margin of 14.10%. Impinj's revenue for the quarter was up 60.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.54) earnings per share.

What guidance has Impinj issued on next quarter's earnings?

Impinj issued an update on its first quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 0.080-0.130 for the period, compared to the consensus earnings per share estimate of 0.020. The company issued revenue guidance of $72.0 million-$75.0 million, compared to the consensus revenue estimate of $70.8 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.

Who are Impinj's major shareholders?

Impinj's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sylebra Capital LLC (15.51%), Vanguard Group Inc. (9.15%), Chevy Chase Trust Holdings LLC (3.90%), Capital International Investors (2.80%), Westfield Capital Management Co. LP (2.28%) and Allspring Global Investments Holdings LLC (1.43%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PI) was last updated on 2/23/2024 by MarketBeat.com Staff