Impinj (PI) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Impinj in the last year. There are currently 1 sell rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PI shares.
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6 equities research analysts have issued 12-month price objectives for Impinj's shares. Their PI share price forecasts range from $45.00 to $155.00. On average, they expect the company's stock price to reach $112.00 in the next twelve months. This suggests a possible upside of 103.5% from the stock's current price.
View analysts price targets for PI or view top-rated stocks among Wall Street analysts.

Impinj's stock was trading at $109.18 on January 1st, 2023. Since then, PI shares have decreased by 49.6% and is now trading at $55.03.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
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Impinj, Inc. (NASDAQ:PI) released its quarterly earnings results on Wednesday, July, 26th. The company reported ($0.14) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.14). The company had revenue of $85.99 million for the quarter, compared to analysts' expectations 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%.

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

Impinj updated its third quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided EPS guidance of -$0.12--$0.06 for the period, compared to the consensus 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.

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 on Thursday, July 21st 2016. The company issued 4,600,000 shares at $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."

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 $55.03.

Impinj (NASDAQ:PI) has a market capitalization of $1.48 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.

The company employs 389 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.